working for 94(7)
This query is : Resolved
10 September 2010
What is the correct procedure for doing working u/s 94(7)of IT ACT
10 September 2010
This section is related to dividend stripping.
The condition for its applicability is :
1. shares or units of MF purchased before 3 months &
2. shares or units of MF has been sold 3/9 month, respectively after
the dividend record date.
If in the above transaction , there is a STCL, just ignore that loss to the extent of dividend recd on those shares or units.
& claim the remainder loss.
The condition for its applicability is :
1. shares or units of MF purchased before 3 months &
2. shares or units of MF has been sold 3/9 month, respectively after
the dividend record date.
If in the above transaction , there is a STCL, just ignore that loss to the extent of dividend recd on those shares or units.
& claim the remainder loss.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- Fixed Deposit Claim Relinquishment by the Nominee
- NR GST NUMBER
- ITR 6 Schedule CFL and UD Issues
- FREELANCING ACCOUNTANT
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Not a CA , can we prepare balance sheet
- TDS RATE ON RENT PAID TO NRI
- Transferring CA articleship from old to new scheme of education and training
- GST Refund SB005 Error
- Notice u/s.148- Asstt.Year 2015-2016
- Invoice Numbers Wrongly Entered
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
