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How to book losses for income tax to offset short-term capital gains
18-Mar-2023 (In Tax Law)
Hello, I am holding iliquid stocks of Jai Mata Glass Ltd worth Rs40,000/- purchased in 2011. Now the stock does not trade and there is no liquidity in the stock for the last 2 years. I want to book the losses in this stock but I am not able to sell it through my demat account as there is no buyer for this stock for last 2 years (completely illiquid). How can I book the losses for income tax purpose to offset short-term capital gains.
Hello, you would missed to see the notices of de-listing offer Or de-listing notice before it got de-listed from NSE/BSE wherever you own. You can not ask either NSDL/CSDL to sell your shares from your demat account as it was already discontinued. Now the share value might have increased / decreased. You need to send legal notice to company to settle this issue. You may get in touch with me along with details.
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