Capital loss on theft of jewellary??

Ajay Chavan (SAP- consultant) (49 Points)

04 January 2011  

Hi,

Can anyone please tell me whether theft of personal jewellary can be claimed as a deduction anywhere for a person who is having salary income, house property income and income from other sources.

Jewellary is appearing in capital of assessee, so i think capital will get reduced, but what about deduction on account of loss, can we claim it as a capital loss??