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allowance of cpital loss

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(Querist)
17 September 2008 hello sir,

Is the allownace of caital loss is possible without transfer of capital loss?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
17 September 2008 Your query is not clear.
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CA satya sai

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CA satya sai (Querist)
17 September 2008 IS it possible to claim capital loss without transfer of asset ?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
17 September 2008 No, the capital loss can only accrue to someone if the capital asset is transferred whether as a result of sale or salvaged after destruction/damage or discarded and sold at the scrap value.

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