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
shwetha (CMA) (67 Points)
31 December 2021Dear 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
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174741 Points)
Replied 31 December 2021
No. That is not allowed under IT act.
shwetha
(CMA)
(67 Points)
Replied 03 January 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174741 Points)
Replied 03 January 2022
Yes, that is the issue when there is no sale transaction...
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