https://www.taxtmi.com/acts?id=49173 Clause 175 deems interest or dividends receivable by a person other than the owner of securities to be the income of the owner where the owner sells or transfers and then buys back, reacquires or acquires similar securities; it treats income of a beneficial holder as deemed income where no or diminished income is received; allows rebuttal to the Assessing Officer on grounds of no or exceptional non systematic avoidance; provides disclosure powers; limits treatment for securities dealers; and ignores specified losses arising from short term trades around a record date, with ignored losses treated as cost of additional allotted securities. en-us Fri, 14 Feb 2025 17:25:44 +0530 Thu, 20 Feb 2025 13:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49173 Clause 175 deems interest or dividends receivable by a person other than the owner of securities to be the income of the owner where the owner sells or transfers and then buys back, reacquires or acquires similar securities; it treats income of a beneficial holder as deemed income where no or diminished income is received; allows rebuttal to the Assessing Officer on grounds of no or exceptional non systematic avoidance; provides disclosure powers; limits treatment for securities dealers; and ignores specified losses arising from short term trades around a record date, with ignored losses treated as cost of additional allotted securities. Act-Rules Bills Fri, 14 Feb 2025 17:25:44 +0530 https://www.taxtmi.com/acts?id=49173