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Dividend & Bonus stripping

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(Querist)
09 August 2007 Is the clause 94(7) & 94(8) apllicable for the shares/Units held as stock in trade giving rise to business Inome ?
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madhusudan

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madhusudan (Expert)
24 August 2007 Sec 94(7) and 94(8) doesnot make any distinction for shares held as investment or shares held for business. Hence both the sections are applicable

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