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Impairment of Shares-Tax deductible? - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forum-the-profession) +--- Forum: Tax (https://www.accountancy.com.pk/forum/forum-tax) +--- Thread: Impairment of Shares-Tax deductible? (/thread-impairment-of-shares-tax-deductible) |
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, * |