Loss arising in case of Bonus Stripping

Alok Siddapur , Last updated: 10 May 2011  
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According to Section 97(8) if all the following conditions are satisfied then loss arising on account of purchase and sale of units(hereinafter referred to as original units)shall be ignored for computing income chargeable to tax 1) Any person buys or acquires any units within a period of 3

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Alok Siddapur
(Consultant)
Category Income Tax   Report

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