Shares of DHFL were delisted from exchanges due to insolvency about 1 year ago. But could not sell & are still lying in my demat account. As these shares held cannot be traded & redundant, how to show loss on filing ITR
11 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 10 August 2022
Declare notional sale consideration and against actual cost .
Date of sale will be date of delisting.
Value of Sale is zero or you may declare notional value Rs.1/- per share and declare the loss under capital gains
Date of sale will be date of delisting.
Value of Sale is zero or you may declare notional value Rs.1/- per share and declare the loss under capital gains
sabyasachi mukherjee
(27654 Points)
Replied 11 August 2022
You do not need to show insolvency . Better book your loss and disclose in financial statements in case it is a concern . In case it is an individual it's absolutely fine.
Sandeep Sood
(10 Points)
Replied 11 August 2022
Sir, Average buying price was Rs 18000 for 100 shares. And last traded price when share got delisted was Rs 16.70 per share (or now Zero value as can't be traded)
How to show loss... Will it be full Rs 18,000....
Sandeep Sood
(10 Points)
Replied 11 August 2022
Sir, Average buying price was Rs 18000 for 100 shares. And last traded price when share got delisted was Rs 16.70 per share (or now Zero value as can't be traded)
How to show loss... Will it be full Rs 18,000....
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 14 August 2022
Show 0.10/1/- per share as sale price since zero value may not be permitted
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 14 August 2022
Zero value is acceptable, show zero value and declare full amount as loss.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 15 August 2022
Have you filed ITR with zero sale consideration u/s 111A and 112A ?
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