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Write off of Bonds-Income Tax Impact, Income Tax |
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Write off of Bonds-Income Tax Impact |
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One of our clients owned Tier-1 bonds of Yes Bank which were written off in 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 to claim the amount of cost of acquisition of bonds as a short term/long term loss or is this view incorrect? Posts / Replies Showing Replies 0 to 0 of 0 Records No Post / Reply found for this query Old Query - New Comments are closed. |
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