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Guest (Querist)
06 March 2009 THERE ARE SOME SHARES IN THE NAME OF COMPANY . AFTER SELLING THE SHARES LOSS HAS OCCURED . IS THIS LOSS IS ALLOWED OR DISALLOWED AS PER INCOME TAX
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
06 March 2009 If these share are held as investment, then on the sale the short term or long term capital loss will be incurred.

Capital loss can be adjusted only against capital profit, not with the business profit.

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