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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

The Parliament has not only used two different terms namely ...


Parliament Differentiates "Securities" and "Units" in Section 94(7)(b); Sets Distinct Minimum Holding Periods for Each.

September 19, 2012

Case Laws     Income Tax     HC

The Parliament has not only used two different terms namely “securities” and “units” in Section 94(7)(b)(i) and 94(7)(b)(ii) but has dealt with them separately providing different minimum periods of holding for “securities” and “units” - HC

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