Hi All,
How will the amount received as compensation from SEBI Invester protection fund be taxed by the investor?
Amrapali Aadya Trading and Investment, a Delhi-based broker, was declared a defaulter by the NSE and the investors were paid from the IPF.
The investor is not provided with the breakup of shares for which the amount is paid. The amount received is less than the claim made by the investor.
Will the amount received be taxation under capital gains? If yes, no information is available for grandfathering purposes.
CAclubindia
