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Income Tax - Highlights / Catch Notes

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LTCG - sham transaction - Permitting such criminal acts by ...


Protecting Clients from Sham Transactions: Scrutinize LTCG Deals to Prevent Broker Manipulation and Financial Exploitation.

November 11, 2022

Case Laws     Income Tax     AT

LTCG - sham transaction - Permitting such criminal acts by carelessly accepting the statements/surrenders made by unscrupulous brokers needs to be addressed consciously especially when applied to the clients of such brokers who may have trusted the financial acumen of these brokers. These innocent trusting lambs should not be carelessly allowed to be thrown at the wolves by the manipulative brokers. - AT

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