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Writing off cost of shares which went into liquidation


27 August 2020 I have purchased shares of Bharati Defence Limited ( formerly Bharati Shipyard Ltd.) from the market. The company has gone into to liquidation as per NCLAT order.

When can I show the cost of purchase of shares in my books of account as capital loss for income tax purpose ?

Please advise.

Cs Pankaj Ajmera

31 August 2020 Yes. Capital Gain or loss needs to be calculated



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