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block of assets

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(Querist)
23 July 2011 is it commpulsory to make block of assets in case of a company ? can short term capital loss be booked even when the block exists ?
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CA Navin Jain

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CA Navin Jain (Expert)
23 July 2011 yes per income tax act it commpulsory to make block of assets for all type of assessee

Short term capital loss can not be booked if block is exists

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