income tax s.94
This query is : Resolved
20 September 2009
hi,
please provide provisions of section 94 clause 1 and 2 with the help of an example.
please provide provisions of section 94 clause 1 and 2 with the help of an example.
20 September 2009
As per section 94(1), if the owner of securities sells such securities and buy back the same and if the result of the transaction is that any income of such securities is receivable by the transferee ,such interest would be deemed to be the income of the transferor.
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