A person may avoid tax on securities by transferring securities to another just before due date and reacquiring them later. This practice is curbed by the Income-tax Act, 1961 u/s
A. 92(1)
B. 94(1)
C. 94(2)
D. 92(2)
Answer:B
A person may avoid tax on securities by transferring securities to another just before due date and reacquiring them later. This practice is curbed by the Income-tax Act, 1961 u/s
A. 92(1) B. 94(1) C. 94(2) D. 92(2)