Q. LONG TERM CAPITAL LOSS ON CLOSURE OF AN UNLISTED CO

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Question added Jul 2, 2019 Income Tax By Naresh Kumar Jain, CA, DELHI
Dear Sir,

A Company has been wound up and due to loss the shareholders of the unlisted company  were unable to receive any money against their share capital. Whether long  term capital loss will be available to the shareholder so that the same can be set off against other long term capital gains earned by the assessee..

Concept by CA Pramod Jain

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