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of <h1>Clause 110 targets tax avoidance in securities buy and sale-back deals, ignoring income and losses not reported.</h1> Clause 110 of the Direct Taxes Code Bill, 2009 addresses tax avoidance through buy and sale-back transactions in securities. It mandates that such transactions be disregarded when computing income if the interest from the transaction is not included in the other party's total income. Furthermore, any loss incurred from these transactions will also be ignored in income calculations if the related income is excluded. The extent of the ignored loss cannot exceed the amount of the excluded income from the transaction.
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