Download or read book Taxmann s Law Relating to Black Money Undisclosed Foreign Income and Assets and Imposition of Tax Act 2015 Complete Treatise on the Black Money Law Supplemented with Case Laws written by Dr. Raj K. Agarwal and published by Taxmann Publications Private Limited. This book was released on 2024-09-05 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book thoroughly explains the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 (Black Money Act), which addresses the issue of undisclosed foreign income and assets held by Ordinarily Residents in India. The book details the legal framework, including stringent assessment, valuation, and compliance procedures specific to the Black Money Act, distinct from the Income-tax Act, 1961. It covers the scope and applicability of the Act, outlines severe penalties and prosecution measures for non-compliance, and provides a critical analysis of emerging legal issues due to the Black Money Act's evolving nature. This book is helpful for tax professionals, legal practitioners, and others to understand the complexities of undisclosed foreign assets, aiming to provide practical insights and foster an understanding of the stringent regulations designed to curb illegal asset holdings abroad. The Present Publication is the 3rd Edition and has been amended by the Finance (No. 2) Act, 2024. This book is authored by Dr Raj K. Agarwal & Dr Rakesh Gupta, with the following noteworthy features: • [Purpose and Rationale] The book explains the need for a separate legal framework to address undisclosed foreign income and assets, differentiating it from the broader Income-tax Act, 1961. It outlines the stringent measures targeting individuals classified as Ordinarily Residents in India who possess undisclosed foreign income and assets and the severe penalties and prosecution provisions intended to curb such practices • [Scope and Applicability] Detailed coverage of the Black Money Acts' applicability to different categories of residents, including those converting from Non-Resident to Ordinarily Resident status, students studying abroad, and employees working abroad temporarily. It emphasizes the ongoing obligations of residents to declare all foreign assets in their income tax returns and the legal implications of non-compliance • [Assessment and Valuation] The book provides an in-depth analysis of the assessment and re-assessment processes for undisclosed foreign income and assets under the Black Money Act, highlighting the absence of a time limitation for such assessments. It details how these assets must be valued at current market prices rather than historical costs, ensuring that assessments reflect their true value • [Penalties and Prosecutions] A comprehensive analysis of the penalties and prosecution provisions, including a detailed commentary on when and how these measures can be invoked. The book addresses significant issues, such as the rationale behind the absence of time bars for assessments and the legal nuances of prosecuting non-compliance • [Critical Legal Issues and Case Law] Given the evolving nature of the Black Money Act, the book critically analyses emerging legal issues, providing the authors' opinions on various unresolved questions. It also reviews relevant case laws that have shaped the interpretation and enforcement of the Act, providing practical insights for legal practitioners • [Valuation Rules] Detailed examination of the valuation rules under the Black Money Act, including guidelines for computing the fair market value of different types of undisclosed foreign assets and the importance of using current market values for assessments • [Judicial Precedence and Evolving Interpretation] The book emphasizes the limited judicial precedence available for the Black Money Act, as it is a relatively new law. It highlights the ongoing evolution of legal interpretations and the authors' role in providing clarity through their expert opinions • [Continuous Amendments and Updates] The book is up-to-date with the latest amendments, including those made by the Finance (No. 2) Act, 2024, and reflects recent court decisions from the past year, ensuring readers have access to the most current legal landscape The chapter breakdown of the book is as follows: • Introduction o Overview of the Black Money Act, including its objectives, the rationale behind its enactment, and key features that distinguish it from the Income-tax Act • Applicability & Definitions o Detailed clarification of key terms and the Black Money Acts' applicability as outlined in Sections 1 and 2 • Charge, Scope & Computation o Comprehensive guidelines for calculating undisclosed foreign income and assets under Sections 3, 4, and 5 • Tax Authorities o Analysis of the roles and jurisdictions of tax authorities as per Sections 6 to 9 • Assessment Procedures o Detailed processes for the assessment and re-assessment of undisclosed foreign income and assets under Sections 10 to 14, including significant legal issues • Appeal & Revision o Step-by-step guidance on the appeal and revision mechanisms available under the Black Money Act, covering Sections 15 to 29 • Recovery of Tax & Interest o A thorough understanding of the tax recovery mechanisms, including rules on interest and enforcement actions under Sections 30 to 40 • Penalties o In-depth examination of penalties imposed under Sections 41 to 47, including interpretations and possible defences for non-compliance • Prosecution o Comprehensive coverage of prosecution measures under Sections 48 to 58, detailing conditions under which legal actions can be initiated • Declaration Scheme o A guide to the declaration scheme available under Sections 59 to 72, designed to facilitate compliance for those with undisclosed foreign assets • General Provisions & Valuation Rules o Analysis of the general provisions and valuation rules under Sections 73 to 88, including methodologies for valuing various asset types • Additional Resources o The book includes appendices with relevant forms, CBDT circulars, notifications, and extracts from other related laws
Download or read book Education Technology in Physical Education and Sports written by Dr. Rakesh Gupta and published by Friends Publications (India). This book was released on 2021-05-19 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid developments in electronic technology have made important effects on Education systems in the world. It is doubtless that new technology has affected both economical system and social and education system. People who plan the future education have to know where this technology inclines to and act considering this. Technology is a powerful mean to re form schools, increase students’ success and makes education effective. In the history of various country's cultures physical education has served people for differing purposes. Since the primitive ages, physical activities have played an important role in the society formally or informally. Physical activities have been needed for a number of reasons; such as, defense, environmental factors and continuing the lives. In some other situations, the most important motive for physical activity has been the longing for a more quality life. It was found that the use of technology in physical education programs increased the motivation to materials offered and learning. Physical education teachers have started to be enthusiastic n using the technology together with the potential of the internet in their class. The results of the studies showed that the use of technology in physical education as a teaching tool could be useful for both the teachers and the students. Technology offers the atmosphere which can provide students autonomous learning.
Download or read book The Future of Financial Regulation written by Iain G MacNeil and published by Bloomsbury Publishing. This book was released on 2010-03-12 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Future of Financial Regulation is an edited collection of papers presented at a major conference at the University of Glasgow in spring 2009, co-sponsored by the Economic and Social Research Council World Economy and Finance Programme and the the Australian Research Council Governance Research Network. It draws together a variety of different perspectives on the international financial crisis which began in August 2007 and later turned into a more widespread economic crisis following the collapse of Lehman Brothers in the autumn of 2008. Spring 2009 was in many respects the nadir since valuations in financial markets had reached their low point and crisis management rather than regulatory reform was the main focus of attention. The conference and book were deliberately framed as an attempt to re-focus attention from the former to the latter. The first part of the book focuses on the context of the crisis, discussing the general characteristics of financial crises and the specific influences that were at work this time round. The second part focuses more specifically on regulatory techniques and practices implicated in the crisis, noting in particular an over-reliance on the capacity of regulators and financial institutions to manage risk and on the capacity of markets to self-correct. The third part focuses on the role of governance and ethics in the crisis and in particular the need for a common ethical framework to underpin governance practices and to provide greater clarity in the design of accountability mechanisms. The final part focuses on the trajectory of regulatory reform, noting the considerable potential for change as a result of the role of the state in the rescue and recuperation of the financial system and stressing the need for fundamental re-appraisal of business and regulatory models.
Download or read book Social Psychology and Justice written by E. Allan Lind and published by Routledge. This book was released on 2019-11-28 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking new volume reviews and extends theory and research on the psychology of justice in social contexts, exploring the dynamics of fairness judgments and their consequences. Perceptions of fairness, and the factors that cause and are caused by fairness perceptions, have long been an important part of social psychology. Featuring work from leading scholars on psychological processes involved in reactions to fairness, as well as the applications of justice research to government institutions, policing, medical care and the development of radical and extremist behavior, the book expertly brings together two traditionally distinct branches of social psychology: social cognition and interpersonal relations. Examining how people judge whether the treatment they experience from others is fair and how this effects their attitudes and behaviors, this essential collection draws on theory and research from multiple disciplines as it explores the dynamics of fairness judgments and their consequences. Integrating theory on interpersonal relations and social cognition, and featuring innovative biological research, this is the ideal companion for senior undergraduates and graduates, as well as researchers and scholars interested in the social psychology of justice.
Download or read book Kanga Palkhivala s the Law and Practice of Income Tax written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Curriculum Design written by Dr. Rakesh Gupta and published by Friends Publications (India). This book was released on 2020-09-03 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Curriculum Design may be defined as a strategic process of informed and deliberate construction of learning opportunities to enable learners to achieve the appropriate level and scope of discipline skills, knowledge and understanding on completion of a unit of study. The curriculum should be broad-based so as to accommodate the needs of varied categories of pupils, so that they are able to take up subjects and participate in activities according their capacities and interests. The book covers: Modern Concept of the Curriculum, Basic Guideline for Curriculum Construction, Contest (Selection and Expansion) Curriculum-Old and New Concepts, Mechanics of Curriculum Planning Undergraduate Preparation of Professional Preparation
Download or read book Learning Salesforce Visual Workflow and Process Builder written by Rakesh Gupta and published by Packt Publishing Ltd. This book was released on 2017-05-18 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Click your way to automating various business processes using Salesforce Visual Workflow About This Book Develop an application using Point and Click with the help of Flow Get to grips with various ways to launch a Flow Capture data from an external user without using the Visualforce page Save user input into the database, and learn how to query and manipulate the data Discover various ways to debug and deploy Flow and Process Builder Understand the concepts of Subflow and Login Flow Handle complex business processes using Process builder and keep them clean Use existing or new Flows to work with Salesforce Lightning Experience. Who This Book Is For This book is intended for those who want to use Flows to automate their business requirements by clicking, not coding. No previous experience in computer coding or programming is required What You Will Learn Develop an application using point and click with the help of Flow Get to grips with various ways to launch a Flow Capture data from an external user without using the Visualforce page Save user input into the database, and learn how to query and manipulate the data Discover various ways to debug and deploy Flow and Process Builder Understand the concepts of Subflow and Login Flow Handle complex business processes using Process builder and keep them clean Use existing or new Flows to work with Salesforce Lightning Experience. In Detail Salesforce Management System is an information system used in CRM to automate the business processes like sales and marketing. To implement this, Force.com developed a powerful tool called Visual Workflow to automate business processes by creating applications also called Flows. Learning Salesforce Visual Workflow, Second Edition is a practical guide on Flows that will enable you to develop custom applications in Salesforce with minimized code usage. The book starts with an introduction to Visual Workflows that teaches all the building blocks of creating Flows and use it efficiently. You will learn how to easily automate business processes and tackle complex business scenarios using Flows. The book explains the working of the Process Builder so you can create reusable processes. The book also covers how you can integrate existing or newly created Flows with the Salesforce Lightening Experience. By the end of the book, you will get a clear understanding on how to use Flows and Process Builder in your organization to optimize code usage. Style and approach Step by step approch to use Process Builder to solve complex business requirements with the help of Flow
Download or read book CORPORATE ACCOUNTING FOURTH EDITION written by S N Maheshwari and published by . This book was released on 2004-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Beekeeping for Poverty Alleviation and Livelihood Security written by Rakesh Kumar Gupta and published by Springer. This book was released on 2016-09-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Book intends to address all aspects needed to develop beekeeping into a powerful instrument of rural development and will focus on beekeeping as a tool for Poverty Alleviation and Livelihood security. In the backdrop of the social and economic issues of the people living in poverty region, the book aims to delineate specific motivation approaches to engage them in beekeeping and will serve as a guide for effective marketing through diversification and value addition of bee products. Nevertheless, marketing and environmental issues will remain an important component of this book. The aim is also to focus on indirect benefit of beekeeping so that it is integrated with farming and nature conservation. Other topics include ensuring the provision of practical techniques in handling and management of bees. It will provide detailed information on good contacts with policymakers and authorities; and channels for attracting finance especially in the third world countries. An interdisciplinary approach is the key feature of the book and it will also focus on few case histories and success stories to encourage the reader to take up beekeeping as a new venture gradually in a phased manner like traditional-transitional and modernised beekeeping. With the publication of this book, we hope to hand out a practical guide that will assist all those who are involved in beekeeping for development. We hope it will stimulate beekeeping as an integrated activity with farming and nature conservation and will serve in many households for poverty alleviation and livelihood security.
Download or read book Race and Racisms written by Tanya Maria Golash-Boza and published by Oxford University Press, USA. This book was released on 2018-07-20 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ideal for instructors who want the flexibility to assign additional readings, Race and Racisms: A Critical Approach, Brief Second Edition, is a topical text that engages students in significant questions related to racial dynamics in the United States and around the world. Shorter thanGolash-Boza's highly acclaimed comprehensive text, the Brief Second Edition features a streamlined narrative and is enhanced by its own unique features.Organized into topics and concepts rather than discrete racial groups, the text addresses:* How and when the idea of race was created and developed* How structural racism has worked historically to reproduce inequality* How we have a society rampant with racial inequality, even though most people do not consider themselves to be racist* How race, class, and gender work together to create inequality and identities* How immigration policy in the United States has been racialized* How racial justice could be imagined and realizedCentrally focused on racial dynamics, Race and Racisms, Brief Second Edition, also incorporates an intersectional perspective, discussing the intersections of racism, patriarchy, and capitalism.
Download or read book Fresh from the Farm 6pk written by Rigby and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taxmann s Taxation of Loans Gifts Cash Credits Comprehensive analysis on undisclosed incomes and gift taxation featuring case law ready reckoners etc Finance No 2 Act 2024 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-09-07 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 scenarios, ensuring informed decision-making o Analysis of Shell Companies § Applicability of Section 68 and Benami Act ■ The book provides an in-depth examination of the applicability of Section 68 and the Benami Property Transactions Act to monies routed through shell companies, highlighting the legal and tax implications of using such entities § Case Law Analysis ■ It discusses relevant case laws that shed light on how funds routed through shell companies are scrutinized by tax authorities, offering guidance on compliance and risk mitigation strategies • Extensive Coverage of Gift Taxation o Taxability of Various Gifts § The book comprehensively covers the taxation of gifts, providing detailed discussions on: ■ Awards and Rewards – Tax implications of awards and rewards given to Olympic heroes ■ Financial Benefits – Analysis of the taxability of cashbacks, loan waivers, and one-time settlements of NPAs by banks when received by individuals or entities ■ Promotional and Corporate Gifts – Taxation of gifts to brand ambassadors and freebies given by pharmaceutical companies to doctors, highlighting the tax consequences of these promotional practices ■ Personal and Financial Transactions – Examination of the taxability of alimony received, family settlements, bonus shares, and rights shares received by shareholders, providing comprehensive guidance on personal financial transactions o Ready Reckoner for Relatives § A ready reckoner provides a detailed list of relatives to whom gifts can be made without attracting tax liabilities for the recipient, facilitating tax-efficient gift planning and compliance • Ready Reckoners for Property Transfers o Immovable Property Transfers § Comprehensive Tax Guidance – The book also addresses the taxation of gifts involving immovable property, such as land and buildings, whether received without consideration, for consideration less than the stamp duty value or when the value is indeterminable § Detailed Ready Reckoner – The ready reckoner concisely summarises the tax implications for the transferor/donor and recipient/donee, providing a clear roadmap for managing property-related tax issues. o Movable Property Transfers § Taxation of Specified Movable Properties – The book also covers the taxation of gifts involving specified movable properties, including jewellery, shares, securities, bullion, works of art, and virtual digital assets § Ready Reckoner for Movable Property – The ready reckoner summarises the tax implications for transfers where consideration is below fair market value or not ascertainable, providing practical guidance for accurate tax reporting and compliance in complex asset transactions
