Tax Evasion Through Shares

Prashant Kumar Thakur
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 Tax Evasion Through Shares provides a very useful guide for officers of income tax department to catch the tax evaders who uses share transactions as medium to either evade tax or money laundering. The book , divided in three parts , includes many case laws which have to be consulted while framing assessment of share related cases.
The author has also provided insights on tax evasion through derivative transactions and use of closely held companies shares to convert black money to white.

The book is written by a tax officer who has devoted twenty years in investigating, enquiring the tax evasion and finally bringing evidences against the tax evaders. The book is primarily a guide for officer of Income Tax Department for investigation in share related cases. The books not only describe the ways of tax evasion, but how to detect, enquire and assess such cases.
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About the author

Prashant Kumar Thakur was born in Sitamadhi district of Bihar and was brought up in Dhanbad from where he completed graduation from P.K.Roy Memorial College.His ancestral place is Village Hansopur in Samastipur district.

He started his career as a reporter with a regional English newspaper The New Republic , but quit the job after two years. In 1993, he joined Income Tax Department and took voluntary retirement from the department effective from 01/10/2013.

He is visiting faculty to National Direct Tax Academy where he is being invited since 2008. The recent visit was on 8th to 10th July 2013 for taking up sessions on Taxation of Merger & De-merger cases and other topics for batch of newly promoted Assistant Commissioners of Income Tax.He has also been invited for taking up sessions in Direct Tax Regional Training Institute situated at Kolkata,Chennai, Banglore,Lucknow and Pune.

He is passionate about tax laws , writes books ,desires to blog on it,fascinated about internet and mobile technology .

He is blogging @ and can be contacted on
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Prashant Kumar Thakur
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Published on
Oct 3, 2013
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Best For
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Business & Economics / International / Taxation
Business & Economics / Taxation / General
Law / Taxation
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This content is DRM protected.
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Taxing Question , Simple Answer -Volume -1 is devoted to chartered accountants , lawyers , tax officers and tax practitioners to provide answers to most complex questions and difficult to find answers. 
The selected 25 tax questions are not easy to find answers and nothing is clear in the Income Tax Act . Supreme Court , High Courts have come to the rescue of everyone to provide answers.Following topics are dealt in the book:
Section 6: Should Visit Days be Excluded For Determination of Residential Status if NRI Permanently Settles in India?
Section 10(17):Are All Awards Given By Central Government Exempt From Income Tax?
Section 11:Are All Charitable Trusts Prohibited from Carrying Business Activity?
Section 15:Is Salary of NRI From Employers Abroad But Received in India in NRE A/c taxable?
Section 15 :When Is Provident Fund Savings Taxable?
Section 22: Under Which Head The Rental Income From Leasehold Property Taxed?
Section 32: Can You Claim Depreciation Without Being Owner of Asset?
Section 45: Whether Unutilized Amount In Capital Gains Account Scheme Received By Legal Heir Taxable?
Section 45: Which Date-Booking or Possession or Registration -Is Important For Capital Gains Tax?
Section 50: Can Exemption 54EC or 54F be claimed on Sale of Depreciable Asset?
Section 54: Can One Get Exemption U/s 54F Even If Builder Does Not Complete House Within Three Years?
Section 54: Is exemption of capital gains u/s 54 allowed even when new residential property is purchased in foreign country!
Section 56 : Can a Private Limited Company Become Public Substantially Interested Company Without any IPO?
Section 70: Can Short Term Capital Loss On Shares Taxable U/s 111A Be Adjusted With Short Term Loss On Land?
Section 80: Can You Claim Carry Forward of Loss Despite Late Filing of Return?
Section 127:Can A.O Transfer a Case to Another A.O Without any Transfer Order by CIT ?
Section 139(5): Can Revised Return u/s. 139(5) be Filed Even During Scrutiny Proceedings?
Section 154: Can A.O Pass Rectification Order u/s 154 Even After Time Limit?
Section 148: When is Notice u/s 148 Considered Issued-at the Time of Signing by A.O or Entering in Issue Register by Clerk or Handing Over Notice to Postal Agent?
Section 153A: Is issue of notice u./s 143(2) mandatory in case of assessment u/s 153A?
Section 161:Can Private Trust Still Be Used For Tax Planning?
Section 171: Is Order by an A.O Compulsory For Partition of HUF?
Section 194A : Whether Hire Purchase EMI Payments liable to TDS u/s 194A?
Section 263: Limitation Date for Invoking Sec. 263 is Counted from Assessment Order Date or Reassessment Order Date?
Section 273A: Can Higher Authority Drop Penalty Proceeding Pending Before the A.O?
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If you are searching for a new way to invest that can challenge your investing skills and potentially make you a bundle, look no further than investing in real estate tax liens and deeds. If you ve considered this path before and found it too complicated, not to worry. The Complete Guide to Investing in Real Estate Tax Liens & Deeds: How to Earn High Rates of Return Safely REVISED 2ND EDITION is here to help. With all the information from the first edition, plus updated laws, websites, and a new chapter guiding you through the exact steps you ll need to start your tax lien investment portfolio, this book will have you making money in no time.
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Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advise. Every book has resources, contact information, and web sites of the products or companies discussed.
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