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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

The loss on account of share transactions is a capital loss. The ...


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

December 17, 2017

Case Laws     Income Tax     AT

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

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