CBDT notifies Form 3BB for stock exchanges to detect tax evasion

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Online share trading has just got another regulatory dose. This time exercise is for catching unscrupulous share & stock traders who tries to evade the tax on income generated in share trade or transfer losses to whoever requires it . Evasion of tax is very much prevalent derivative segments i.e Futures and Options of stock…

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Tags: Income share Speculation tax

The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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