Taxmann’s Taxation of Loans Gifts & Cash Credits – 12th Edition 2023

This book comprehensively analyses the provisions relating to undisclosed income, gifts of money & movable/immovable property, along with relevant case laws. The relevant provisions of the Black Money Act and the Benami Property Transactions Act 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