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+--- Thread: Impairment of Shares-Tax deductible? (/showthread.php?tid=10086)
Impairment of Shares-Tax deductible? - hmmm - 07-08-2011
Gain on the impairment is charged under the haed of Capital Gain.
Is the impairment of invesment-qouted+unqouted is deductible expenses from business income???
Kindle reply with reference
Regards
- Star - 07-09-2011
Tax authorities don't believe on impairment on quoted or unquoted shares. Only realized losses are admissable as capital loss not as business loss.
Regards,
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