Taxation of GIFT/RECEIPTS under Section 56(2)(x)

Author: Rajesh Kadakia

Year: August 2024

This book, divided into 15 well-structured chapters and running into approximately 500 pages, offers a thorough analysis of section 56(2)(x) of the Income tax Act, 1961. It has more than 125 illustrations and covers more than 700 judgments. It also deals with more than 35 issues without direct precedents. One of its unique features is the inclusion of an alphabetic list of more than 225 transactions and situations, each accompanied by brief tax implications and cross reference to the para containing detailed discussion.

Additionally, it provides a comprehensive checklist of steps to determine whether a particular receipt is taxable under section 56(2)(x).

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