Guidance required on applicability of Sec. 94 (7).

Shefali Bajpai (Article Assitant & CA Final Student)   (1148 Points)

16 April 2008  

 




 


Hello Seniors & Friends,




 


                 I'll be glad if somone can guide me on the following: 




 


1. applicability of Sec. 94(7) of Income Tax Act;




 


2. the exact meaning of dividend stripping;




 


           And when can section 94(7) of Income Tax Act be invoked?




 


Regards,




 


Shefali.