Long term bahut purani holding of equity shares ko black or white kha jaayega?

Suppose A B C AND D  buy shares/ equities in year 1992. A B C and D unable to describe the source of funds to buy shares in year 1992 because it is almost 25 years back period. They are not filing the income tax returns because they earn very less money since from 1992.

ONE thing more they are not sell their holding since from 1992.

 A B C an D are brother and sisters.

Now in 2018 those equites termed as white or black money in eyes of income tax department.?

Replies (1)

If the shares are held in the name of A, B, C & D...... no question of unaccounted ownership.

Otherwise Benami property......

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
07 August 2026
Chartered Accountant

Devesh Garg and co

New Delhi

CA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details