Dear all,
I have invested in lakshmi Vilas bank and due to merger all shares were written off during nov 2020. Can I claim this purchase cost as loss in my itr for f.y 2020-2021?
Shares purchased on Mar 2020
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 31 December 2021
No. That is not allowed under IT act.
shwetha
(CMA)
(67 Points)
Replied 03 January 2022
I have not received any amt on account of this neither I can claim as loss , this is totally unfair right?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 03 January 2022
Yes, that is the issue when there is no sale transaction...
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