Section 94: Bond Washing Transactions

Ritik Chopra , Last updated: 14 May 2021  
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Sometimes the persons in the higher income group transfer the securities to their relatives or friends in the lower-income group just before the due date of payment of interest. This practise is adopted to avoid tax. So a bond washing transaction can be defined as a transaction where some securities

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Published by

Ritik Chopra
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Category Income Tax   Report

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