Whether Capital Gains????
This query is : Resolved
13 June 2010
There's an Indian company which holds shares of its sister concern located in foreign country. The sister concern is in process of liquidation. The Indian Company wants to write off the shares held by it of the sister concern. Should this writing off be considered as capital loss or business loss?
14 June 2010
If any company hold shares in any company whetehr it is sister concern or not, It shown in books as investment in shares. Hence capital loss will be arise after writing of shares.
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