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Anil

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Financial Planner - Answered on Feb 04, 2022

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
Jitendra Question by Jitendra on Feb 04, 2022Hindi
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Sir my query is as under. 

I am 56 years. I am from Ahmedabad. In May 2015, 1000 shares of DHFL were bought from the market at a price of Rs. 2,00,000. But DHFL went bankrupt. Therefore, the price of DHFL no longer in the stock market. But I still have 1000 shares in my demat account which is now worth zero. So I lose 2,00,000 in capital. So how do I compensate for this loss? Sir, please guide me. 

Ans: According to NCLT approved resolution plan, the existing shares of DHFL will be delisted and then will be extinguished. You have two options- to sell it now as an off-market transaction at a nominal price to someone; or wait for the shares to get extinguished. You can then claim the capital loss at value sold; or at zero value in case the shares are extinguished. You should at least take the benefit of capital loss and set it off against other capital gains by using one of the above.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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