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of <h1>Income Tax Bill 2025: Clause 175 Targets Tax Avoidance in Securities, Redefines Income Attribution and Loss Calculations.</h1> Clause 175 of the Income Tax Bill, 2025, addresses tax avoidance through securities transactions. It stipulates that income from securities sold and repurchased, or similar securities acquired, is deemed the income of the original owner, not the recipient. This applies unless the owner proves no tax avoidance occurred. Transactions by securities dealers that result in non-taxable interest are excluded from profit or loss calculations. Losses from securities transactions around record dates are ignored if they offset exempt dividends or income. The clause defines key terms like 'interest,' 'record date,' 'securities,' and 'unit' for clarity in application.
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