Disallowances U/S 94(7)

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..... Disallowances U/S 94(7)
Query (Issue) Started By: - S.C. WADHWA Dated:- 23-3-2013 Last Reply Date:- 13-11-2015 Income Tax
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Income Tax
Dear Sir, Our company had invested ₹ .....

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..... ;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 ₹ 2500/- but dividend recd ₹2200/-. Then 1 .....

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..... 000 units sold on 24.8.10 and suffers loss of ₹ 1300/- but dividend recd ₹ 4100/- till date. Then on 27.10.10 1000 units sold and get profit ₹3700/- but dividend recd ₹5700/- t .....

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..... ill date on daily basis. Balance 7000 units sold on 27.3.11 and get profit of ₹ 17000/- alongwith dividend of ₹ 9500/- till date. Recod date is not known to us. Now my query is that if an .....

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..... y 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 th .....

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..... e Chartered Accountant.
Discussion Forum - Knowledge Sharing .....

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