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Tax evasion in trust & political party

Dicson (articleship) (90 Points)

23 July 2015

Plz share some interesting tax evasion by Trust or Political party incidents. How the black the money washed through Trusts. How to use Trust to Trust donation or interest free loan methods as a tool

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Rajagopalakrishnan R (PARTNER) (1422 Points)
Replied 25 July 2015

Dear Sir

This is not a forum for discussing Tax evasion methods or money laundering methods. If you are asking from an academic angle, there are so many other websites whihc discuss these. If you are asking from a practitioner's angle, I think it is anti national to even think in those lines. The CA fraternity prides itself as "PARTNERS IN NATION BUILDING". We should help our clients plan their tax rather than evade them. In fact it would be our professional duty to disassociate ourselves from any kind of tax evasion methods.