Capital Asset Sale Losses Not Claimed as Bad Debts or Business Losses u/ss 36(1)(vii) & 37 of Income Tax Act.

Capital Asset Sale Losses Not Claimed as Bad Debts or Business Losses u/ss 36(1)(vii) & 37 of Income Tax Act. https://www.taxtmi.com/highlights?id=17952 Bad debts not allowed - loss incurred on sale of capital assets is not allowable u/s. 36 (1)(vii) of the Act as bad debt written off as well as business loss u/s. 37 of the Act because it is a capital loss - AT en-us Sat, 29 Mar 2014 12:29:53 +0530 Sat, 29 Mar 2014 12:29:53 +0530 TaxTMI RSS Generator Capital Asset Sale Losses Not Claimed as Bad Debts or Business Losses u/ss 36(1)(vii) & 37 of Income Tax Act. https://www.taxtmi.com/highlights?id=17952 Bad debts not allowed - loss incurred on sale of capital assets is not allowable u/s. 36 (1)(vii) of the Act as bad debt written off as well as business loss u/s. 37 of the Act because it is a capital loss - AT Highlights Income Tax Sat, 29 Mar 2014 12:29:53 +0530 https://www.taxtmi.com/highlights?id=17952