Loss made by selling shares of a private ltd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2011
Can any one tell me ....
If shares in private limited company are sold below acquired price(at discount).Can this loss be offset against current business income. Shares were bought 6 years back.
If shares in private limited company are sold below acquired price(at discount).Can this loss be offset against current business income. Shares were bought 6 years back.
25 September 2011
No as you are not trading in shares. Loss against investment cannot be adjusted against business income.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2011
Sir,
If I am trading in listed company can i adjust my loss made by selling shares of a private company.
If I am trading in listed company can i adjust my loss made by selling shares of a private company.
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