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Description
Also Incorporating
▶ Alphabetical reckoner to loans, gifts and cash credits
▶ Applicability of provisions explained with flowcharts
▶ Applicability of section 68 to anonymous donations received by Trusts
▶ Interplay of 2nd proviso to section 68 (additional onus) with 'angel tax' u/s 56(2)(viib) explained
▶ Ready reckoner of possible legal consequences of investments, depending on nature and source
of income and manner of investment of Income
► Ready reckoner of 'relatives' to whom gifts may be made without attracting
section 56(2)(x)(a) in donee's hands
► Ready reckoner of tax implications for transferor/donor and transferee/donee
in respect of 'gifts' of property
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Contents
Division one : Undisclosed Income
Chapter 1 : Scheme of Taxation of Undisclosed Income Covered by Sections 68 to 69d
Chapter 2 : Voluntary Disclosure of Undisclosed Income
Chapter 3 : Detection of Undisclosed Income by Department
Chapter 4 : Cash Credits Under Section 68
Chapter 5 : Share Application Money/Share Capital/ Share Premium in case of closely
held Companies - When Unexplained Cash Credit
Chapter 6 : Share Application Money/Share Capital/ Share Premium in Case of Widely-
Held Companies - When Unexplained Cash Credit
Chapter 7 : Whether Capital Gains from Shares Taxable U/S 68?
Chapter 8 : Loans and Deposits - Whether Unexplained Cash Credits?
Chapter 9 : Deposits from Tenants - Whether and when Unexplained Cash Credits
Chapter 10 : Credits in Firm's Books - When Un-Explained Cash Credits
Chapter 11 : Sundry Creditors/Trade Creditors - When Unexplained Cash Credits
Chapter 12 : Unexplained Investments Under Section 69
Chapter 13 : Unexplained Investment in Lottery Tickets
Chapter 14 : Additions U/S 69 on the Basis of Stock Statements Submitted to Banks
Chapter 15 : Unexplained Money, Bullion, Etc. - Section 69A
Chapter 16 : Amount of Investments etc. not fully Disclosed in books - Section 69B
Chapter 17 : Unexplained Expenditure Etc. - Section 69C
Chapter 18 : Amount Borrowed or Repaid on Hundi -Section 69D
Division Two : Donee-Based Taxation of Gifts of Money Received by any Person
Chapter 19 : Donee-Based Taxation of Gifts
Chapter 20 : Taxability of Gifts of Sums of Money Received
Chapter 21 : Receipt of Sums of Money
Chapter 22 : Sum of Money Received Without Consideration
Chapter 23 : How to Compute the Limit of Rs. 50,000
Chapter 24 : Tax-Exempt Gifts
Chapter 25 : 'Any Person or Persons'
Division Three : Taxation of Gifts of Immovable Property Received by Any Person
Chapter 26 : Immovable Property - Scope of this Term
Chapter 27 : Conditions for Taxability of Gifts Received of Immovable Properties
Chapter 28 : Received without Consideration or for a Consideration Less than SDV
Chapter 29 : Date of Receipt of Immovable Property
Chapter 30 : Valuation of the Immovable Property Received
Chapter 31 : How To Compute the Limit of Rs. 50,000 for Gifts of Immovable Property Received?
Chapter 32 : Computation of Capital Gains on Transfer of Immovable Property Taxed as Gift
Division Four : Taxation of Gifts of Movable Property Received by any Person
Chapter 33 : 'Property' (Other Than Immovable Property) (I.e. Movable Property)
Chapter 34 : Conditions for Taxability of Movable Property Received Without Consideration
or for Consideration Below FMV
Chapter 35 : Movable Property Received without Consideration/for Consideration Less than FMV
Chapter 36 : Date of Receipt of Shares and Securities, Jewellery, Etc.
Chapter 37 : Determination of Fair Market Value
Chapter 38 : Taxation of Shares and Securities Received
Chapter 39 : Valuation of Jewellery
Chapter 40 : Valuation of Artistic Work
Chapter 41 : Valuation of Bullion
Chapter 42 : How to Compute the Limit of Rs. 50,000 for Movable Property Gifts
Appendices
Appendix 1 : Relevant Provisions of Income-Tax Act, 1961
Appendix 2 : Relevant Provisions of Income-Tax Rules, 1962
Appendix 3 : Guidelines for Seizure of Jewellery and Ornaments in Course of Search
Appendix 4 : Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020
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