Taxation of UNDISCLOSED INCOME under Income Tax Law | RAM DUTT SHARMA | Commercial Law Publishers | 2022 Paperback Edition

This book by Ram Dutt Sharma explores the taxation of undisclosed income under Indian Income Tax Law. It provides detailed guidance on how the Income Tax Act addresses income that is not disclosed in tax returns and the tax implications of such income. The book is essential for individuals and professionals looking to understand the legalities of managing and reporting undisclosed income.

Key Features:

• Comprehensive Analysis: Provides a thorough breakdown of the provisions under the Income Tax Act related to undisclosed income, including penalties and assessments.
• Legal Insights: Discusses the legal framework around undisclosed income, offering clarity on what qualifies as undisclosed income and the consequences of failing to report it.
• Tax Implications: Covers the tax liabilities associated with undisclosed income, as well as the procedures for rectification, assessment, and penalties.
• Practical Guidance: Includes examples and practical steps to manage undisclosed income in compliance with the law.
• Target Audience: This book is useful for tax professionals, auditors, and individuals seeking to understand the complexities of undisclosed income and its tax treatment under the Indian Income Tax Law.

This book serves as a vital resource for anyone dealing with undisclosed income, providing an in-depth understanding of its taxation and the steps necessary to comply with legal requirements.