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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Disallowance of short- term capital loss - When the incident of ...

Income Tax

January 4, 2016

Disallowance of short- term capital loss - When the incident of tax being sale of units occurred prior to the introduction of the bill proposing the amendment in section 94(7) then the additional tax liability cannot be fastened on the transactions of and sale of securities/units by virtue of subsequent amendment. - AT

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