Income Tax Liability in Special Cases
Year: 2025
Author: Ram Dutt Sharma
About the Book:
This book provides an in-depth analysis of income tax liability in special and complex cases, covering unique scenarios such as taxation of non-residents, trusts, HUFs, charitable institutions, and high-net-worth individuals. It explains the latest Finance Act, 2025 amendments, recent case laws, and procedural guidelines for tax professionals, businesses, and legal practitioners.
Key Features:
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Taxation of Non-Residents (NRIs, Foreign Companies, Expats, and OCIs)
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Special Taxation for Trusts, NGOs, and Charitable Institutions – Registration, Exemptions, and Taxation under Sections 11, 12A, and 80G
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Hindu Undivided Family (HUF) Taxation – Partition, income distribution, and assessment rules
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Taxation of High-Net-Worth Individuals (HNWIs) and Special Cases like Inherited Wealth
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Clubbing of Income & Tax Planning Strategies – Covers Section 64 provisions on clubbing of minor’s income, spouse’s income, and more
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Presumptive Taxation & Alternative Minimum Tax (AMT) for LLPs & Firms
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Tax Implications on Windfall Gains, Gifts, and Awards – Coverage of Section 56(2) rules
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Computation of Agricultural Income & Tax Treatment
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Taxation of Unexplained Cash Credits, Investments & Benami Transactions
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Practical Guidance on Appeals & Representations in Special Cases
Ideal For:
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Tax Professionals & Chartered Accountants – Understanding complex taxation scenarios and planning strategies
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Lawyers & Legal Practitioners – Navigating income tax laws for specialized cases
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HUFs, Trusts, and NGOs – Ensuring proper tax compliance and exemptions
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NRIs & Foreign Investors – Understanding tax obligations and relief provisions
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High-Net-Worth Individuals (HNWIs) & Wealth Managers – Planning efficient tax structures for asset protection
Caveat Legalis: Description based on available details—interpret with due diligence!
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