Articles tagged “Section 94(8)”
2 articles.
- Bonus stripping under Section 94(8) of the Income Tax Act
Section 94(8) of the Income Tax Act 1961 is an anti-avoidance rule preventing bonus stripping by disallowing capital losses when securities/units are purchased …
- Bonus stripping disallowance (Section 94(8))
Section 94(8) disallows a capital loss on original mutual fund units where bonus units were received and the original units are sold within 9 months at a loss. …