Capital Loss on shares de-listed

Jump to Page:
< Previous [ 1 ] Next >

lana2005
Member since: Feb 06

Posts: 545
Location: Toronto
Post ID: #PID

Posted on: 17-04-06 19:37:01

We have some shares that were listed on the Bombay Stock Exchange, the day we migrated to Canada. However, subsequently, they are de-listed.

Does anybody know the procedure for calculating capital loss on such de-listed shares?

Iceberg
Member since: May 05

Posts: 919
Location: GTA and beyond
Post ID: #PID

Posted on: 17-04-06 21:43:48

Try this http://www.rediff.com/money/2006/jan/16tax.htm

You will have to index the cost of acquisition ( for inflation) using the indexation table. But these days there is no long term capital gains tax on shares. So I am not sure if you can claim a capital loss.

Quote:
Originally posted by lana2005

We have some shares that were listed on the Bombay Stock Exchange, the day we migrated to Canada. However, subsequently, they are de-listed.

Does anybody know the procedure for calculating capital loss on such de-listed shares?

lana2005
Member since: Feb 06

Posts: 545
Location: Toronto
Post ID: #PID

Posted on: 18-04-06 07:58:26

I am talking of Canadian Taxes not Indian taxes.

Jump to Page: < Previous [ 1 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: Capital Loss on shares de-listed
	Topic	Forum	Views	Replies
	Investing in Indian shares. ( 1 2 3 )	Our Native Country!	4460	19
	Optionetics - any experience	Business	1451	4
	Capital Loss on shares de-listed	Accounting and Taxation	1382	2
	MULTI -CRORE IPO "SCAM"	Our Native Country!	2353	4
	Working from home : options ?	Wanted	1830	3
	Telemarketers ( 1 2 )	Life	3854	13
	Tax Saving Options for Fixed Income Professional ( 1 2 3 )	Accounting and Taxation	4508	19
	New rules for money crossing the U.S. border	USA	1507	0
	Declaring Losses in Shares	Accounting and Taxation	1582	2
	legal seperation	General	2811	3
	Stock Market	Business	2559	3
	shares / stocks - trade account	Financial Planning	1652	2
	satyam shares	Our Native Country!	1759	1
	Non-Redeemable investment options ( 1 2 )	Financial Planning	3517	12
	NEWS: Endeavour Financial buys 45.71 million Crew Gold shares Three Cheers to TSX:CRU	Stock Market	2412	0
	Preferred shares of Canadian banks ( 1 2 )	Stock Market	3372	10
	A single parent shares her experiences of bringing up children in Canada	Canadian Sakhi	1798	2
	Loss in home sale -- calim in tax returns.	Accounting and Taxation	3335	5
	HELP FOR DMAT ACCT IN INDIA!!	Events	3532	6
	Selling Shares in India	General	1291	0
	Tax Question - Capital Loss or Business Expense?	Accounting and Taxation	1633	4
	Need help with regards to Manulife advisor mis-information	Stock Market	2084	1
	Capital loss reporting on line 127	Accounting and Taxation	1208	2
	How to report loss on sale of rental propety	Accounting and Taxation	3027	3
	Which Oil & Gas share to invest in ? ( 1 2 )	Financial Planning	2468	8

Charcha

Capital Loss on shares de-listed

Discussions similar to: Capital Loss on shares de-listed