Cash Transactions & Income from Undisclosed Sources

Comprehensive and systematic coverage of the subject related to cash transactions and income from undisclosed sources together with their attendant consequences, unfolding the subject matter for readers’ awareness vis-a-vis necessary compliances. Fully updated in the light of the Finance Act, 2020 incorporating almost all the important Case Law on the subject. Enriched with appropriate conveyancing Tips and Solutions. The scheme of presentation of subject matter : Part I:Disallowance in Respect of Cash Payment Exceeding Prescribed Limit [Section 40A(3)] Part II:Income from Undisclosed Sources Section A : Taxation and Penal Consequences of Income from Undisclosed Sources Section B : Cash Credits [Section 68] Section C : Unexplained Investments [Section 69] Section D : Unexplained Money, Jewellery, Etc. [Section 69A] Section E : Amount of Investments, Etc., Not Fully Disclosed in Books of Accounts [Section 69B] Section F : Unexplained Expenditure [Section 69C] Section G : Amount Borrowed or Repaid on Hundi [Section 69D] Section H : Demonetisation vis-a-vis Income from undisclosed sources Part III:Acceptance or Repayment of Loan/Deposit/Specified Sum or Advances in Cash [Sections 269SS and 269T] Part IV:Miscellaneous Issues Dealing with Cash Transactions Free Website Support Containing: (i)Related Statutory Provisions and Rules. (ii) Circulars, Notifications, Orders, etc. (ii)Full Reports with Headnotes of almost all cases cited and discusse in this book .