TaxTMI 
TaxTMI 
Write off of Bonds-Income Tax Impact
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....rite off of Bonds-Income Tax Impact<br> Query (Issue) Started By: - ROHIT GOEL Dated:- 9-12-2020 Income Tax<br>Income Tax<br>One of our clients owned Tier-1 bonds of Yes Bank which were written off in....
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.... full by the company. As per my opinion, this would amount to extinguishment of rights in bonds held by the client and would result in a transfer of capital asset. Therefore would the client be able ....
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....to claim the amount of cost of acquisition of bonds as a short term/long term loss or is this view incorrect?<br> Discussion Forum - Knowledge Sharing ....