Section 94(7) query

Does provision of Section 94(7) - Dividend Stripping applies to a person who shows Income from trading in Shares as a Business Income and Not as Capital Gains

Replies (1)

Section 94(7) covers holding of securities/units both as a capital assets ans as a stock-in-trade, hence 94(7) applies to both an investor and a trader of securities/units.

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