Write off of Bonds-Income Tax Impact

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..... Write off of Bonds-Income Tax Impact
Query (Issue) Started By: - ROHIT GOEL Dated:- 9-12-2020 Income Tax
Income Tax
One of our clients owned Tier-1 bonds of Yes Bank which were written off i .....

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..... n 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 .....

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..... to claim the amount of cost of acquisition of bonds as a short term/long term loss or is this view incorrect?
Discussion Forum - Knowledge Sharing .....

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