Sale of asset aquired through black money

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 January 2012 I have a issue in my mind.Imagine I have a blank stamp paper signed by my mother before her death(say about 20 years ago)I have acquired some silver & Gold through my black money for which i have no explanation of source of acquisition.Now if I write on that stamp paper that silver & gold have been transferred by my mother to me. then how can Income Tax Department prove my forgery as i think it will not be able to verify gold purchased so many years ago as i claim to be so.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
11 January 2012 Please keep in mind the wealth tax provisions also through out the period of holding of yours as well as of your mother.
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2012 Thank u so much sir, This knowledge would help me a lot.
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