If the bank takes over a property that was pledged as collateral as a term loan for a business, can we write this off
and carry forward this loss over 8 years?
Menu
Can we write off collateral property taken by bank?
Replies (1)
Not possible.
Recent Threads
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
Related Threads
CAclubindia
