Download or read book Taxmann s Taxation of Loans Gifts Cash Credits Comprehensive analysis on undisclosed income gifts of money movable immovable property along with Case Laws Finance Act 2023 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-05-10 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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: o Case Laws o 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: o 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: o 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: o Ready reckoner for the tax implications for transferor/donor and recipient/donee of transfers of specified movable property The Present Publication is the 12th Edition and has been amended by the Finance Act 2023. This book is authored by Taxmann's Editorial Board with the following noteworthy features: • [Finance Act 2023 Amendments] relating to credits, loans and borrowings are comprehensively discussed • [Ready Reckoners] for possible legal consequences of investment under various laws depending on the following: o Source & nature of Income invested o Manner of investment of income • [Analysis on Shell Companies] which includes the applicability of Section 68 and the Benami Act for monies routed through shell companies discussed in light of relevant case laws • [Taxability of Gifts] is discussed in light of relevant case laws on various aspects such as: o Taxability of cashback, loan waivers and one-time settlement of NPAs by banks in the hands of recipients o Taxability of freebies given by pharma companies to doctors o Taxability of bonus shares and rights shares received by shareholders o Taxability of awards and rewards to Olympic heroes o Taxability of gifts to brand ambassadors o Taxability of family settlements o Taxability of alimony received The detailed contents of the book are as follows: • Undisclosed Income o Scheme of Taxation of Undisclosed Income Covered By Sections 68 to 69D o Voluntary Disclosure of Undisclosed Income o Detection of Undisclosed Income by Department o Cash Credits under Section 68 o Loans, Borrowings, Deposits and Such other Amounts – Whether and When Treated as Unexplained Cash Credits o Share Application Money/Share Capital/Share Premium in case of Closely Held Companies – When Unexplained Cash Credit o Share Application Money/Share Capital/Share Premium in Case of Widely Held Companies – When Unexplained Cash Credit o Whether Capital Gains from Shares Taxable under Section 68? o Deposits from Tenants – Whether and When Unexplained Cash Credits o Credits In Firm's Books – When Unexplained Cash Credits o Sundry Creditors/Trade Creditors – When Unexplained Cash Credits o Anonymous Donations Received by a Trust o Unexplained Investments under Section 69 o Unexplained Investment In Lottery Tickets o Additions under Section 69 based on Stock Statements submitted to Banks o Unexplained Money, Bullion, etc. – Section 69A o Amount of Investments etc. Not Fully Disclosed in Books – Section 69B o Unexplained Expenditure etc. – Section 69C o Amount Borrowed or Repaid on Hundi – Section 69D • Doneee-Based Taxation of Gifts of Money Received by any Person o Donee-Based Taxation of Gifts o Taxability of Gifts of Sums of Money Received o Receipt of Sums of Money o Sum of Money Received without Consideration o How to Compute the Limit of INR 50,000 o Tax-exempt Gifts o Any Person or Persons • Taxation of Gifts of Immovable Property Received by any Person o Immovable Property – Scope of this Term o Conditions for Taxability of Gifts Received of Immovable Properties o Date of Receipt of Immovable Property o Received without Consideration or for a Consideration Less than SDV o Valuation of the Immovable Property Received o How to Compute the Limit of INR 50,000 for Gifts Of Immovable Property Received o Computation of Capital Gains on Transfer of Immovable Property Taxed as Gift • Taxation of Gifts of Movable Property Received by any Person o 'Property' (Other than Immovable Property, i.e., Movable Property) o Conditions for Taxability of Movable Property Received Without Consideration or for Consideration below FMV o Date of Receipt of Shares and Securities, Jewellery, etc. o Movable Property Received Without Consideration/for Consideration Less than FMV o Determination of Fair Market Value o Taxation of Shares and Securities Received o Valuation of Jewellery o Valuation of Artistic Work o Valuation of Bullion o How to Compute the Limit of INR 50,000 for Movable Property Gifts

Download or read book Direct Taxes Law Practice written by Dr. Vinod K Singhania/dr Kapil Singhania and published by . This book was released on 2009-12-01 with total page 1480 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mergers Acquisitions and Other Restructuring Activities written by Donald DePamphilis and published by Academic Press. This book was released on 2011-08-22 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two strengths distinguish this textbook from others. One is its presentation of subjects in the contexts wherein they occur. The other is its use of current events. Other improvements have shortened and simplified chapters, increased the numbers and types of pedagogical supplements, and expanded the international appeal of examples.

Download or read book A Handbook of Practical Auditing written by BN Tandon et al. and published by S. Chand Publishing. This book was released on 2006 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the students of B.Com., M.Com, Professional Course of C.A., C.S., I.C.W.A. and Professionals of Financial Institutions.

Download or read book Direct Taxes Ready Reckoner written by Dr. V. K. Singhania and published by . This book was released on 2009-07-01 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Banking Law and Practice written by Hong Kong Institute of Bankers (HKIB) and published by John Wiley & Sons. This book was released on 2012-09-04 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: A solid understanding of how banks operate is crucial to grasp the functioning of modern society. Banks are an intrinsic part of business, finance, and everyday life. Modern banking is regulated by a sophisticated set of laws and regulations that are constantly evolving. Banking Law and Practice from the Hong Kong Institute of Bankers outlines and explains these laws and regulations clearly and in detail. This regulatory framework has a deep impact on banks, bankers, and anyone that deals with them, which is the overwhelming majority of society. This high level of impact makes Banking Law and Practice an important book as well as a necessary and authoritative reference for industry professionals, students, and the public at large. Banking Law and Practice discusses a range of topics that have a direct bearing on the day-to-day operations of banks, from contracts to how to ensure safe and secure lending. It examines the development and current state of banking legislation and regulation and facilitates bankers and their institutions to shape their practice to meet all the necessary legal and regulatory requirements. Students, industry professionals, and the public at large will welcome the thorough and clear explanations of the legal and regulatory framework in which banks operate. This book is essential reading for candidates studying for the HKIB Associateship Examination and anyone else seeking expert knowledge of the legal and regulatory structure affecting banks in Hong Kong. Topics covered in this book include: Contractual Relationships Code of Banking Practice Money Laundering Negotiable Instruments Law Related to Securities Bankruptcy and Insolvency

Download or read book Banking and Finance Theory Law and Practice written by Gomez Clifford and published by PHI Learning Pvt. Ltd.. This book was released on 2011-11-30 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a fast changing world, everything is subject to change and the field of banking is no exception. This book, in the light of developmental changes, highlights and explains the concepts of banking and finance, and presents an up-to-date legal discussion of the subject. It is written in simple and easy-to-understand language.The text is divided into two parts. Part I covers a wide range of topics, such as money, the evolution and systems of banking, classification of banks, commercial and hi-tech banking, deployment of funds, new finance services, banker's clearing house, central banking, the Indian finance system, the Indian money market, and banking legislation in India. Part II deals with the relationship between bank and customer, bank deposits, banking instruments, bank accounts, and lending.The book is primarily intended for undergraduate students of commerce. It will also be useful to students of economics, banking professionals, chartered accountants, and all those engaged in a commercial field.Key features: Chapters are organised to enable easy understanding of terms, definitions and concepts.Includes tables and charts to clearly explain concepts.Includes modern technological developments.Provides chapter-end questions to test understanding.Read mor

Download or read book M L Tannan Banking Law Practice in India written by and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

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:

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Download or read book Regulatory Quality in Europe written by Claudio M. Radaelli and published by Manchester University Press. This book was released on 2007-07-15 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Union and its member states are investing in ambitious programmes for 'better regulation' and targets of regulatory quality. This book lifts the veil of excessively optimistic propositions covering the whole better regulation agenda. It provides an innovative conceptual framework to handle the political complexity of regulatory governance. It approaches better regulation as an emerging public policy, with its own political context, actors, problems, rules of interaction, instruments, activities and impacts.

Download or read book The Law and Practice of Banking written by James Milnes Holden and published by . This book was released on 1991 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: