Explain the following: Bond washing Transaction, ITR-1 (SAHAJ), Exemption of Capital Gains u/s 54F, Rent Free Accommodation
Explain the Following: a) Bond Washing Transaction A bond washing transaction is a tax avoidance method where an investor sells securities just before the due date of interest payment and repurchases them after the interest is paid. This is done to avoid showing the interest as income and shifting the tax burden to someone with […]