Author Description

This Book Is An Exhaustive Guide To The Complex Landscape Of Undisclosed Incomes And The Taxation Of Gifts, Providing A Thorough Analysis Supported By Relevant Case Laws. It Examines The Legislative Provisions Under The Income Tax Act, 1961, The Black Money (undisclosed Foreign Income And Assets) And Imposition Of Tax Act, 2015, And The Prohibition Of Benami Property Transactions Act, 1988. It Is Designed To Equip Tax Professionals, Legal Practitioners, Accountants, Auditors, And Other Stakeholders With The Necessary Knowledge To Understand The Complexities Of Tax Compliance, Planning, And Dispute Resolution In These Areas. The Present Publication Is The 13th Edition And Has Been Amended By The Finance (no. 2) Act 2024. This Book Is Authored By Taxmann's Editorial Board With The Following Noteworthy Features: • Comprehensive Coverage Of Undisclosed Incomes O Thorough Discussion Of Provisions § The Book Analyses The Provisions Related To Undisclosed Incomes, Such As Unexplained Investments, Unexplained Cash Credits, And Other Unreported Assets. It Thoroughly Discusses These Topics In The Light Of Relevant Provisions Under The Following: Income Tax Act, 1961 Black Money (undisclosed Foreign Income And Assets) And Imposition Of Tax Act, 2015 Prohibition Of Benami Property Transactions Act, 1988 O Case Law Analysis And Practical Application § Detailed Discussions Are Supported By Case Laws That Highlight The Judicial Interpretations And Practical Applications Of These Provisions, Providing Readers With A Clear Understanding Of The Legal Nuances Involved In Cases Of Undisclosed Income O Ready Reckoners For Legal Consequences § A Unique Feature Of The Book Is The Inclusion Of A Ready Reckoner That Outlines The Possible Legal Consequences Of Investments Under Various Laws, Depending On The Source, Nature Of Income, And Manner Of Investment. This Ready Reckoner Serves As A Quick Reference Tool, Helping Practitioners Assess The Potential Outcomes Of Various Investment Sce