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of <h1>Tax Law Crackdown: New Clause 175 Targets Securities Transactions to Prevent Income Shifting and Artificial Loss Strategies</h1> Legal Analysis Summary:The document examines Clause 175 of the Income Tax Bill, 2025, an anti-avoidance provision targeting tax manipulation through securities transactions. The clause prevents income shifting, dividend stripping, and bonus stripping by deeming income to the economic owner and disallowing artificial losses. It applies to various securities and investment vehicles, requiring taxpayers to prove transaction legitimacy. The provision closely resembles the existing Section 94 of the Income-tax Act, 1961, with modernized language and expanded definitions, aimed at preserving tax base integrity and countering sophisticated tax avoidance strategies.
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