https://www.taxtmi.com/acts?id=11776 Buy-and-sale-back securities transactions are treated as ignored for tax computation if the interest or return to the other person is not included in that person's total income. Losses arising to a person from such transactions are similarly ignored for computing total income when related income on the security is not included, and any disallowed loss is limited to the amount of that excluded income. en-us Fri, 17 Sep 2010 10:27:37 +0530 Fri, 17 Sep 2010 10:27:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11776 Buy-and-sale-back securities transactions are treated as ignored for tax computation if the interest or return to the other person is not included in that person's total income. Losses arising to a person from such transactions are similarly ignored for computing total income when related income on the security is not included, and any disallowed loss is limited to the amount of that excluded income. Act-Rules Bills Fri, 17 Sep 2010 10:27:37 +0530 https://www.taxtmi.com/acts?id=11776