• Welcome to itatonline.org Forum.
 

News:

Contact details of departmental representatives is available.

Main Menu
Menu

Show posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Show posts Menu

Messages - vopima2188

#1
Discussion / Re: Loss on sale of pledged shares
February 22, 2020, 07:07:46 PM
Quote from: sanganeriask on December 05, 2018, 01:05:08 PM
my client had pledged some listed shares to a financial institution for availing a loan. On failure to repay the loan the lender invoked the pledged shares and sold the shares thru stock exchange in their name and credited the proceeds in the loan account. My query is that whether the loss incurred on such sale is allowable to be set off with capital gain arising on sale of other shares on which STT is not paid.

Hi buddy, following up on this. Did you get any update regarding this?

Regards,
V. Smith