Disallowances U/S 94(7)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....isallowances U/S 94(7)<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 23-3-2013 Last Reply Date:- 13-11-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Sir, Our company had invested &#8377;....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....one lac by purchasing 10000 units of a mutual fund on daily dividend pay out on 26.4.2010. Sold one thosand units on 24.7.10 and suffers loss of &#8377; 2500/- but dividend recd &#8377;2200/-. Then 10....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....00 units sold on 24.8.10 and suffers loss of &#8377; 1300/- but dividend recd &#8377; 4100/- till date. Then on 27.10.10 1000 units sold and get profit &#8377;3700/- but dividend recd &#8377;5700/- ti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ll date on daily basis. Balance 7000 units sold on 27.3.11 and get profit of &#8377; 17000/- alongwith dividend of &#8377; 9500/- till date. Recod date is not known to us. Now my query is that if any....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... amount of loss suffered on sale of units to be disallowed in income tax or not. Pls advise. Regards, WADHWA Reply By MARIAPPAN GOVINDARAJAN: The Reply: You may better have a consultation with the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Chartered Accountant.<br> Discussion Forum - Knowledge Sharing ....