Asset aquired through black money

Querist : Anonymous (Querist) 11 January 2012 This query is : Resolved
I have a issue in my mind.imagine i acquired an asset say jewellery using black money for which i cant explain source of acquisition.I have a blank stamp paper signed by my deceased father 15 years ago.If i get it written on stamp paper that my father transferred that to me.Will it be work.I know its wrong but i m asking u whether it is possible or not or a mere fiction.

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Raj Kumar Makkad (Expert) 11 January 2012
It can be done but beware there are various pros and cons in this process like ink, writing, whether the deceased was acquiring those or not etc. etc.

ajay sethi (Expert) 11 January 2012
we wont be a party to any tax evasion exercise

mahendrakumar (Expert) 12 January 2012
this forum is not to be used for such fraudulent things.

we are here to help/answer genuine and legal issues.

Sailesh Kumar Shah (Expert) 12 January 2012
not advisable.

V R SHROFF (Expert) 12 January 2012
THE ABOVE TAX EXPERTS SHALL GUIDE YOU BETTER

My common sens is, you were gifted in Marriage, or occasions, or was gifted to any deceased member of ur family , before years, and you never know it's value??

Above Experts may throw light, if possibility to justify jewellery??
Adv Shroff
12-01-12

Querist : Anonymous (Querist) 12 January 2012
Thank u all respected personalities.You are quite right in saying that u can't answer a question that prompts tax evasion.Actually I want to be a part of IRS that's why I was asking this.If any such case in future come before me then how to prove forgery.But Expert Mr. Raj Kumar & Mr. V R Shroff's advise will help me a lot.Thank you all once again for sharing your invaluable knowledge & experience

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