ITR for unlisted stock

Taxation
1

I have bought shares of Tulsi Extrusion in financial year 2018-19. Now the stock is delisted from NSE. And the company is under insolvency. During ITR filing, can I file it as a loss.

Should I fill yes for question asked in below ITR-2 form.

Whether you have held unlisted shares at any time during the previous year?

Please help.

2

@Quicko

1 Like
3

You can report the loss only once you sell the shares. Alternatively, if you feel the Company would not be listed again in future, you can write off the shares and report a loss in P&L Account.

For the question in ITR-2, “Whether you have held unlisted shares at any time during the previous year?” - you must select ‘Yes’.

For any further queries, write to us on [email protected]

4

Is there any documentation to help with writing off an unlisted stock holding ?

Thanks in advance.