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dividend stripping

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 December 2009 The mutual units purchased on 2008,it was sold on 17.12.2009 the dividend received on 2008 Rs.50000 and 17.7.2009 is Rs.45000 the long term capital loss arised from above transaction provisions of sec 94(7) is applicable or not,if it was a gain what is the tax treatment
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M Prabhakar Menon

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M Prabhakar Menon (Expert)
18 December 2009 U r silent on date of purchase when u seek clarification give complete data to get an informed reply.

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