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unit

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(Querist)
05 August 2010 what is a unit for the purpose of sec 94(7)
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
05 August 2010 “unit” shall have the meaning assigned to it in clause (b) of the Explanation to section 115AB.]

AS PER SECTION 115AB
“unit” means unit of a mutual fund specified under clause (23D) of section 10 or of the Unit Trust of India;
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