Trading in debentures

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53 Points Joined July 2017
My query is whether a partnership firm can trade in unlisted debentures?
and can it claim the loss incurred (if any) as business loss?
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On 16 October 2024 at 14:39 Report
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Master in Accounts & high court Advocate
9596 Points Joined December 2011

Regarding claiming losses as business loss: 1. *Business income*: If the partnership firm trades in unlisted debentures as part of its business, losses can be claimed as business loss. 2. *Capital asset*: If the debentures are held as investments (not traded frequently), losses may be treated as capital losses. 3. *Set-off and carry forward*: Business losses can be set off against business income and carried forward to future years, subject to tax laws and regulations. Please consult a tax professional or expert to ensure accurate guidance and compliance with relevant regulations.

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On 16 October 2024 at 14:46


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