Compensating the Wasted Property from Profit
Issue No. 1511- If a part of the capital is lost through business, in a manner that it may be counted as a part of the transaction loss, one can deduct the lost amount from the profit made in the same year. However, if the loss is on account of other events such as theft, etc., he cannot deduct it from the profits, unless he will not be able to do a business befitting his status with the remaining capital.
