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Taxmann’s Taxation of Loans, Gifts & Cash Credits provides a ready referencer along-with FAQs on the taxability arising from the following: Undisclosed Income – Covering all aspects and complexity involved under Section 68 to Section 69D Donee-Based Taxation of Gifts of Money Received by any Person (Taxation of Gifts of Money) Taxation of Gifts of Immovable Property Received by any Person Taxation of Gifts of Movable Property Received by any Person The Present Publication is the 10th Edition which incorporates all the changes made by the Finance Act, 2021. The detailed contents of the book are as follows: Undisclosed Income – Covering all aspects and complexity involved under Section 68 to Section 69D oScheme of Taxation of Undisclosed Income Covered by Sections 68 to 69D oVoluntary Disclosure of Undisclosed Income oDetection of Undisclosed Income by Department oCash Credits under Section 68 oShare Application Money/Share Capital/Share Premium in case of Closely-Held Companies – When Unexplained Cash Credit oShare Application Money/Share Capital/Share Premium in case of Widely-Held Companies – When Unexplained Cash Credit oWhether Capital Gains from Shares Taxation u/s 68 oLoans and Deposits – Whether Unexplained Cash Credit? oDeposits from Tenants – Whether and When Unexplained Cash Credits oCredits in Firm’s Books – When Unexplained Cash Credits oSundry Creditors/Trade Creditors – When Unexplained Cash Credits oUnexplained Investments under Section 69 oUnexplained Investment in Lottery Tickets oAdditions u/s 69 on the Basis of Stock Statements Submitted to Banks oUnexplained Money, Bullion, etc. – Section 69A oAmount of Investments etc. not Fully Disclosed in Books – Section 69B oUnexplained Expenditure etc. – Section 69C oAmount Borrowed or Repaid on Hundi – Section 69D Donee-Based Taxation of Gifts of Money Received by any Person (Taxation of Gifts of Money) oDonee-Based Taxation of Gifts oTaxability of Gifts of Sums of Money Received oReceipt of Sums of Money oSum of Money Received without Consideration oHow to Compute the Limit of Rs. 50,000 oTax-Exempt Gifts o‘Any Person or Persons’ Taxation of Gifts of Immovable Property Received by any Person oImmovable Property – Scope of this Term oCondition of Taxability of Gifts Received of Immovable Properties oReceived without Consideration or for a Consideration Less Than Stamp Duty Value oDate of Receipt of Immovable Property oValuation of the Immovable Property Received oHow to Compute the Limit of Rs. 50,000 for Gifts of Immovable Property Received oComputation of Capital Gains on Transfer of Immovable Property Taxed as Gift Taxation of Gifts of Movable Property Received by any Person o‘Property’ (Other than Immovable Property) (i.e. Movable Property) oConditions for Taxability of Movable Property Received without Consideration or for Consideration Below Fair Market Value oMovable Property Received without Consideration/for Consideration less than Fair Market Value oDate of Receipt of Shares and Securities, Jewellery, etc. oDetermination of Fair Market Value oTaxation of Shares and Securities Received oValuation of Jewellery oValuation of Artistic Work oValuation of Bullion oHow to Compute the Limit of Rs. 50,000 for Movable Property Gifts Also Available: o[10th Edition | 2021] Taxmann’s Taxation of Capital Gains | Complete analysis on each aspect of capital gains with the help of ‘relevant’ judicial pronouncements, Circulars & Notifications, illustrations, checklists of actions to claim deductions o [2021 Edition] Taxmann’s Taxation of Cash Deposits & Deposits after Demonetisation | Understand the tax implications of cash deposited during routine course/demonetisation and get guidance on how to give responses to the notices of the department o[2021 Edition] Taxmann’s Law Relating to Search & Seizure with Assessment of Search Cases o[2020 Edition] Taxmann’s Law Relating to Assessment in Search Cases | Complete guidance on journey of the assessment proceedings starting from the ‘issue of warrant’ till the ‘levy of penalty’ with supporting judicial pronouncements
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Legal Studies;
Taxation;
