AMIT SINGHI (business) (52 Points)
26 June 2013A PERSON HAS INVESTED 100000 IN A COMPANY. THAT COMPANY GOES INTO LIQUIDATION. REALISATION FROM ASSETS IS DISBURSED TO MEET THE LIABILITIES. SHAREHOLDER DIDN'T GET ANYTHING IN RETURN.
NOW, WHAT WILLBE THE TREATMENT OF THAT 100000 THAT WAS INVESTED
AND WHETHER IT WILL BE A REVENUE OR CAPITAL LOSS
WHAT WILL BE THE TREATMENT IN ACCCOUNTS
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(4155 Points)
Replied 30 June 2013
No doubt It is capital loss only. Since he inveted in a company.
vikas
(student )
(139 Points)
Replied 01 July 2013
total amt treated as capital loss becoz he invest in company and company goes to liquidation
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