Shopping for fake 'profit', 'loss' to get tough from Aug 1

High networth individuals who 'buy' loss/profit from friendly brokers to either suppress taxable income or convert black money into white, will find it difficult to do so, from August 1.

August 01, 2011 / 09:50 IST

Santosh Nair

Moneycontrol.com

High networth individuals who 'buy' loss/profit from friendly brokers to either suppress taxable income or convert black money into white, will find it difficult to do so, from August 1. This follows the new rules on modification of client codes (the client

first published: Aug 1, 2011 04:33 am

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