Just a moment...

⚠✕
Report
ReportReport
Welcome to TaxTMI ✕

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Report an Error ✕
Type of Error :
Please tell us about the error :
Min 15 characters0/2000
TMI Blog
Home /
PreviousNext

Share Transaction Losses Are Capital Losses, Not Bad Debts u/s 36(i)(vii) of Income Tax Law.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The loss on account of share transactions is a capital loss. The loss arising from "investments" in shares cannot be claimed as bad debt under the provisions of section 36(i)(vii) r.w.s. 36(2)(i) - AT....

PreviousNext