Taxation of GIFTS/RECEIPTS under section 56(2)(x) ( Book )
About the Author
Rajesh S. Kadakia is a practicing Chartered Accountant over 42 years. He was a partner in M/s S.R. Batliboi & Associates, a member firm of Ernst & Young Global. He has authored many books including Taxmann’s Master Guide to Income-tax Act’ (1991-2012, 2016-21) and all the books on this website. He is also the author of following online databases:- Words & Phrases Referencer (WPR), a legal dictionary
- Interpretation Referencer (IR)
Rs.985
About the Book
This book offers a thorough analysis of the provisions of section 56(2)(x) of the Income tax Act, 1961. It is meticulously organized into 15 well-structured chapters, providing readers with an in-depth understanding of the subject. The book features over 200 illustrations, addressing numerous res integra issues with clarity and precision. One of its unique aspects is the inclusion of an alphabetic list of more than 200 transactions and situations, each accompanied by brief tax implications. Additionally, it provides preconditions and a comprehensive practical checklist of steps to determine whether a particular receipt is taxable under section 56(2)(x). This comprehensive guide is an invaluable resource for anyone seeking to navigate the complexities of this section of the Income Tax Act.
Who may use
a) Judges
b) Tribunal members
c) Tax officials
d) Tax professionals
e) Tax Executives in Corporates
f) Tax students