And Oh! He has also discussed The modus operandi of organized syndicates that facilitate tax evasion. It also analyses reviews to verify trustworthiness. This book serves to fill the Gap which u can never get through normal books available in market on this subjects. I am a chartered accountant final student , rather than learning taxation provisions, i always first prefer reading the evil that particular section tries to address. He’s the Joint Commissioner of Income Tax. Smarak Swain graduated in Electrical Engineering from Indian Institute of Technology, Kharagpur in 2006, and joined the Indian Revenue Service (IRS) in 2008. BUSINESS LAWS AND BUSINESS CORRESPONDENCE AND REPORTING, BUSINESS MATHEMATICS AND LOGICAL REASONING AND STATISTICS, BUSINESS ECONOMICS AND BUSINESS AND COMMERCIAL KNOWLEDGE, Information Technology and Strategic Management, Enterprise Information Systems & Strategic Management, Financial Management & Economics for Finance, Advanced Auditing and Professional Ethics, Strategic Cost Management and Performance Evaluation, Direct Tax Laws and International Taxation, CA Final Videos ( Old & New Syllabus ) In English, Business Laws and Business Correspondence and reporting, Business Mathematics and Logical Reasoning and Statistics, Business Economics and Business and Commercial Knowledge, Financial Management & Economics For Finance, Secretarial Audit, Compliance Management and Due Diligence, Corporate Restructuring , Valuation and Insolvency, Intellectual Property Rights Law & Practices, International Business-Laws and Practices, Business Management, Ethics & Entrepreneurship, Jurisprudence, Interpretation & General Laws, Setting up of Business Entities and Closure, Governance, Risk Management, Compliances and Ethics, Corporate Restructuring, Insolvency, Liquidation & Winding-up, Resolution of Corporate Disputes, Non-Compliances & Remedies, Corporate Funding & Listings in Stock Exchanges. Loophole Games. Tell us about your new book ‘Loophole Games’. For Pay-on-Delivery orders, we recommend paying using Credit card/Debit card/Netbanking via the pay-link sent via SMS at the time of delivery. Top subscription boxes – right to your door, © 1996-2020, Amazon.com, Inc. or its affiliates. I love books. Subsequently, I tolerated through engineering tutelage at IIT Kharagpur. April 29, 2019. Wolters Kluwer India Pvt. Tax laws are, frankly speaking, very boring. I am a chartered accountant final student , rather than learning taxation provisions, i always first prefer reading the evil that particular section tries to address. I had to let go of my passion as I suffered through the grill of preparing for IIT JEE examinations. Delivery Associate will place the order on your doorstep and step back to maintain a 2-meter distance. Marketing is not a big constraint if you are writing a book for professionals; as professionals can be easily reached through LinkedIn and trade forums. Missing BloombergQuint's WhatsApp service? You are a Joint Commissioner of Income Tax. Quite delighted I found an enlightening one-of-a-kind Book that tells us about a variety of innovative Tax Avoidance schemes carried on by Taxpayers. I would really thanks Author who spare his valuable time to decode strategies to avoid tax in a simple manne. This book reveals loopholes available within ambit of law, used by corporate in legal ways to avoid paying taxes. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. What does a day in your life look like? Give as a gift or purchase for a team or group. Smarak Swain @ smarak_s. The third point I want to raise is, you have to be good at two things: writing and marketing. Synopsis of the book Loophole Games is a discourse on different Tax Avoidance Strategies at work. The artificial capital loss generated can then be set off against capital gains earned from genuine business transactions. After wasting long years in a rat-race of sorts, I decided its high time for me to pursue my passion. He is originally from Orissa and currently lives in Bangalore with his family. This book reveals loopholes available within ambit of law, used by corporate in legal ways to avoid paying taxes. Tell us about the two most interesting ‘loopholes’ which you have discussed in your book? in this book, author has discussed key rulings of Indian as well as foreign Courts and brought out the modus operandi discussed in major Court rulings. Loophole Games discusses how advocates interpret, re-interpret, and misinterpret statutory provisions to arrive at an understanding different from the original legislative intent behind the statutes. April 29, 2019. When on Tribunal duty, I play the role of the department’s counsel. … Since I love what I do, I do not budge. He has also done Masters in Taxation and Business Laws (MTBL) from NALSAR University, Hyderabad. Please try your request again later. Hence, the number of techniques at the disposal of an accountant for avoiding taxes is limited (while techniques for Evading tax are infinite). That way you get the better understanding the law. His articles have been published in The Mint, Economic Times, First Post, and Asia Times. Once you decide on the topic, link the topic to other inter-disciplinary topics. LOOPHOLE GAMES IS A VERY POSITIVE BOOK. But tax avoidance has to happen within the constraints of accounting principles and law. Then understand what knowledge or reference material is not available in the market. New; Used; Discount. When in-charge of tax administration, I ensure proper service delivery to taxpayers. You should be good at reading balance sheets and P&L accounts. Qualification of author was enough to take me the buy decision. This shopping feature will continue to load items when the Enter key is pressed. Virtual Scholarship Program by Johnson & Johnson – One Young World 2021: Apply by Nov 27. By Aprajita Karki Blogs, News, Advice, Career Advice, Personal Blogs 0 Comments . This book reveals loopholes available within ambit of law, used by corporate in legal ways to avoid paying taxes. To get the free app, enter your mobile phone number. My ambition behind writing Loophole Games was to narrate tax laws in an interesting and lively way. And Oh! And Oh! JOB POST: Lawctopus is Looking for Subject Matter Experts/Faculty [Work-from-Home; Paid Positions], 14 Subjects: Apply by Nov 10. When posted in the investigation directorate, I have to maintain surveillance over ‘risk elements’ involved in serious or clandestine evasion. Enforcement action in the form of penalty and prosecution for violation of tax laws are also done by my team. Qualification of author was enough to take me the buy decision. He has also discussed The modus operandi of organized syndicates that facilitate tax evasion. Hence, the number of techniques at the disposal of an accountant for avoiding taxes is limited (while techniques for evading tax are infinite). If you are Anyway related to CA profession. After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. Organized syndicates such as the stock market syndicates, shell company syndicates and hawaladar networks often facilitate in laundering of black money and their infusion into formal accounts. This book reveals loopholes available within ambit of law, used by corporates in legal ways to avoid paying taxes. Forget about his IIT, engineering degree etc. In my initial days in the Indian Revenue Service, I dreaded tax laws. Wolters Kluwer Loophole Games A Treatise Tax Smarak Swain. On a diet for now. The law says that a person earning capital gains in a year has to pay tax on it. A very helpful insight for a layman as regards the machinations of the financiers and tax Dodgers. Smarak Swain : Smarak Swain graduated in Electrical Engineering from Indian Institute of Technology, Kharagpur in 2006, and joined the Indian Revenue Service (IRS) in 2008. No customer signatures are required at the time of delivery. Through his writings, he aims to bring about tax transparency in the way businesses operate and see a genuine increase in India’s tax paying behaviour. Please try your request again later. In order to navigate out of this carousel please use your heading shortcut key to navigate to the next or previous heading. Previous page of related Sponsored Products. Get GST invoice and save up to 28% on business purchases. If you are a good marketer, but your book does not have value, you will have some initial success, but your book will not survive over time. A must read for tax practitioners and tax administrators. INTERVIEW: Smarak Swain’s Book ‘Loophole Games’ Hopes to Make Tax Law Lively! Tax avoidance preys on loopholes available within the ambit of law. Loophole Games discusses how advocates interpret, re-interpret, and misinterpret statutory provisions to arrive at an understanding different from the original legislative intent behind the statutes. Save my name, email, and website in this browser for the next time I comment. However, capital gains can be set off against any capital loss earned in the year. The loopholes that I am most concerned about are, However, capital gains can be set off against any capital loss earned in the year. Smarak Swain graduated in Electrical Engineering from Indian Institute of Technology, Kharagpur in 2006, and joined the Indian Revenue Service (IRS) in 2008. I also supervise a team that undertakes verification of IT returns filed by corporates, businesses, and professionals. Your knowledge of company law and partnership law should be good if you want to get into Merger & Acquisition practice. Lawctopus has team of 212 college managers across 121 law colleges in India. IT GIVES ME AN IDEA TO STREAM LINE MY BUSINESS ACTIVITIES AND TO REGULATE THINGS SO I CAN SAFEGUARD MY BUSINESS IN FUTURE. Written in a lucid manner and Easy to comprehend. Normally, tax and accounts books give you idea of legal provisions but never able to explain loopholes which corporates use to avoid tax. I have also covered the tax treatment of intellectual properties, copyright, and other intangibles. Launched on 27th September, 2010, the website now gets 240,000+ unique visitors and generates 2.5 million (25 lakhs) page-views every month. Redemption links and eBooks cannot be resold. Buy LOOPHOLES GAMES: Read Kindle Store Reviews - Amazon.com LOOPHOLES GAMES - Kindle edition by SWAIN, SMARAK. All abusive tax avoidance structures have been brought together here in a single book. Amazon directly manages delivery for this product. Who knows experience of revenue service officer better than a CA. in this book, author has discussed key rulings of Indian as well as foreign Courts and brought out the modus operandi discussed in major Court rulings. And Oh! Smarak Swain; Format. How did this interest in tax laws develop? Business managers and forensic auditors should be aware of how these syndicates perform, so that they can raise red flags on detecting accommodation entries made in accounts on behest of the syndicates. Normally, tax and accounts books give you idea of legal provisions but never able to explain loopholes which corporates use to avoid tax. These promotions will be applied to this item: Some promotions may be combined; others are not eligible to be combined with other offers. Excerpt from the book ‘Loophole Games: A Treatise on Tax Avoidance Strategies’, by Smarak Swain; (WoltersKluwer, 2019). Many individuals and companies artificially generate capital loss by purchasing a token asset from a related party at a high price and selling back the asset to the same related. Missing BloombergQuint's WhatsApp service? Intrigued by the title of this Book I bought it. Unlimited FREE fast delivery, video streaming & more. All abusive tax avoidance structures have been brought together here in a single book. Get Lawctopus Updates on Our Whatsapp and Telegram Groups: Join Now! CfP: White Black Legal Journal of Law [Vol 2 Issue 5, Indexed, PIF 6.435]: Submit by Nov 13 [Extended], Lawctopus Online Certificate Course on Legal Research and Writing [Dec 1-Jan 30]: Register by Nov 8.
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