Plethico, Elder, Helios & DHFL FDs and DHFL & SREI NCDs Capital Loss- tax treatment

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Kasiraj Gurusamy (Querist)
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07 September 2021 Lost the whole amount of FDs from Plethico, Elder, Helios and may lose partly from DHFL FD & DHFL & SREI NCDs. Can we offset this long term capital loss against any LTCG from other asset classes and carry forward for eight years? Do we need to submit any proof to claim this? Thanks

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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08 September 2021 If you had received any paltry amount as settlement, then you can claim the remaining amount as loss; but 'nil' amount is not considered for transfer and as such, as of today, it is not considered for capital loss. Though the same has been represented to Government for the consideration.

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Kasiraj Gurusamy

Kasiraj Gurusamy (Querist)
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08 September 2021 Thank you very much for the clarification.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 September 2021 Most Welcome ...