TAXATION OF LOANS GIFTS & CASH CREDITS

This book provides a comprehensive analysis of the provisions relating to undisclosed income, gifts of money & movable/immovable property, along with relevant case laws. The relevant provisions of the Black Money (Undisclosed Income & Assets) Imposition of Tax Act 2015 and the Prohibition of Benami Property Transactions Act 1988 are also discussed.

In other words, it analyses the taxability arising from the following:

Undisclosed Income; In light of the Income-tax Act 1961 & Black Money Act provisions. This section also includes:
Case Laws
Ready Reckoner for legal consequences of investments under various laws, depending on the source & nature of income invested and the manner of investment of income
Donee-based Taxation of Gifts of Money received by any Person. This section also includes:
Ready Referencer for relatives to whom gifts may be made without attracting tax in the hands of the recipient
Taxation of Gifts of Immovable Property received by any Person, i.e., the property received without consideration or received for consideration less than stamp duty value. This section also includes:
Ready Reckoner for summarising the tax implications for transferor/donor and recipient/donee of transfers of immovable property
Taxation of Gifts of Specified Movable Property (including jewellery, shares & securities, bullion, work of art, virtual digital assets, etc.) received by any Person. This section also includes:
Ready reckoner for the tax implications for transferor/donor and recipient/donee of transfers of specified movable property
The Present Publication is the 11th Edition, authored by Taxmann's Editorial Board. This book is amended by the Finance Act 2022 with the following noteworthy features:

[Finance Act 2022 Amendments] relating to credits, loans and borrowings are comprehensively discussed