INCOME TAX
RAJEEV KUMAR MEHTA (Business) (340 Points)
02 January 2021
Can I write off delisted and non trade-able shares and claim long term loss?
RAJEEV KUMAR MEHTA (Business) (340 Points)
02 January 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 January 2021
RAJEEV KUMAR MEHTA
(Business)
(340 Points)
Replied 02 January 2021
Thanks for responding! Point made by you is clear but whether delisted and/or non tradeable shares can be written off in books and lon term loss arising out that can be set off against long term loss?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 January 2021
RAJEEV KUMAR MEHTA
(Business)
(340 Points)
Replied 02 January 2021
Thanks. So delisted/non tradeable shares can be written off and long term loss arising out of that can be set ff against long term gain.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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