Commentary on Income Declaration Scheme, 2016
- Year of Publication: 2016
- Edition: 1st
- ISBN: 8906077410440
- No.of Pages: 328
Black money, both domestic and foreign, is the biggest problem of Indian economy. Recently, various studies have taken place under the Government of India to tackle the problem of black money in India. Those studies have revealed some astonishing facts about the black money market in India eg. black money even exceeds 10% of our Gross Domestic Product. The flow of black money has seriously affected the entire economic system of India over the last few decades.
The Income Declaration Scheme, 2016 is in the Finance Act, 2016, which received the assent of the President on the 14th of May 2016. Similarly in order to reduce the litigation the Central Government has introduced Direct Tax Dispute Resolution Scheme 2016 and Indirect Tax Dispute Resolution Scheme 2016. In the commentary section, the author has used a suitable sub title for the convenience of the readers to quick understanding of the sections/ subsection. Moreover, relevant sections of the Income Tax Act and the Other Acts referred by all the above mentioned Schemes are also annexed at the end of the each relevant Chapter for easy reference.
Srikumar Banerjee is a fellow member of the Institute of Chartered Accountant of India. His Experience spans industrial and professional practice covering Oil and Natural Gas Commission (ONGC), NICCO Corporation Limited (Manager-Corporate Tax), Lovelock & Lewis, Chartered Accountants and L.B. Jha & Co., Chartered Accountants (Partner-Taxation). He now practices under his own firm, namely Srikumar Bandyopadhyay & Co., Chartered Accountants.
He has written various articles on direct and indirect tax matters covering Mergers, Demergers, Stump Sale, VAT, FBT, Tax Audit, and other current topics. These have been published in leading tax and corporate Journals, such as TAXMAN, SEBI and Chartered Accountants Today, Corporate Professionals, Sambad Pratidin, Prayag, Jago Bangla and in financial dailies.
He has been guest speaker on Foreign Black Money, De-merger & its Tax Implications and Works Contract Tax under Service Tax and Value Added Tax Act organized by Accountants Library and Commercial Tax Practitioner Association . He is also invited on TV channels to join the panel of experts for discussions on the Finance Bill of the Annual Union Budget, Dollar-rupee fight and other matters relating to economics, policies and social.
He is an author of Commentary on WB Vat Act (6th Edition) and WB Vat Act Practice and Procedure, Commentary on Foreign Black Money Act & Fatca and Commentary on Income Declaration Scheme. He is an independent director of West Bengal Power Development Corporation Ltd (WBPDCL) and Other Listed Companies.
He is an ex-member of Economic Forum of the Confederation of Indian Industries (CII) and also board member of a listed company including WBPDCL. He is also associated with various social organizations including educational institutions.
He is a member of State Level Task Force for the State of West Bengal formed under the Professional Development Committee of ICAI. He is a former President of the Accountants' Library, Aykar Bhavan.
B.C.Publications is the publishing arm of Book Corporation, a leading law book selling and publishing concern, more than 50 years old and serving the professional fraternity in India. Late Sri Kishan Gopal Maheshwari is the mastermind behind the set up of this publishing house. He believed - “Book is Knowledge, Knowledge is Power and a Book is Power House” for all the professionals. BC Publications publishes diverse range of publications in the area of taxation, company law, civil laws, industrial and labour law, etc. The publishing house is famous for giving opportunities to new and aspiring authors and provide them the opportunity to showcase their work to the professional community at large.
Similar Books
Ratings and Reviews
Overall Rating
- Year of Publication: 2016
- Edition: 1st
- ISBN: 8906077410440
- No.of Pages: 328
Black money, both domestic and foreign, is the biggest problem of Indian economy. Recently, various studies have taken place under the Government of India to tackle the problem of black money in India. Those studies have revealed some astonishing facts about the black money market in India eg. black money even exceeds 10% of our Gross Domestic Product. The flow of black money has seriously affected the entire economic system of India over the last few decades.
The Income Declaration Scheme, 2016 is in the Finance Act, 2016, which received the assent of the President on the 14th of May 2016. Similarly in order to reduce the litigation the Central Government has introduced Direct Tax Dispute Resolution Scheme 2016 and Indirect Tax Dispute Resolution Scheme 2016. In the commentary section, the author has used a suitable sub title for the convenience of the readers to quick understanding of the sections/ subsection. Moreover, relevant sections of the Income Tax Act and the Other Acts referred by all the above mentioned Schemes are also annexed at the end of the each relevant Chapter for easy reference.
Srikumar Banerjee is a fellow member of the Institute of Chartered Accountant of India. His Experience spans industrial and professional practice covering Oil and Natural Gas Commission (ONGC), NICCO Corporation Limited (Manager-Corporate Tax), Lovelock & Lewis, Chartered Accountants and L.B. Jha & Co., Chartered Accountants (Partner-Taxation). He now practices under his own firm, namely Srikumar Bandyopadhyay & Co., Chartered Accountants.
He has written various articles on direct and indirect tax matters covering Mergers, Demergers, Stump Sale, VAT, FBT, Tax Audit, and other current topics. These have been published in leading tax and corporate Journals, such as TAXMAN, SEBI and Chartered Accountants Today, Corporate Professionals, Sambad Pratidin, Prayag, Jago Bangla and in financial dailies.
He has been guest speaker on Foreign Black Money, De-merger & its Tax Implications and Works Contract Tax under Service Tax and Value Added Tax Act organized by Accountants Library and Commercial Tax Practitioner Association . He is also invited on TV channels to join the panel of experts for discussions on the Finance Bill of the Annual Union Budget, Dollar-rupee fight and other matters relating to economics, policies and social.
He is an author of Commentary on WB Vat Act (6th Edition) and WB Vat Act Practice and Procedure, Commentary on Foreign Black Money Act & Fatca and Commentary on Income Declaration Scheme. He is an independent director of West Bengal Power Development Corporation Ltd (WBPDCL) and Other Listed Companies.
He is an ex-member of Economic Forum of the Confederation of Indian Industries (CII) and also board member of a listed company including WBPDCL. He is also associated with various social organizations including educational institutions.
He is a member of State Level Task Force for the State of West Bengal formed under the Professional Development Committee of ICAI. He is a former President of the Accountants' Library, Aykar Bhavan.
B.C.Publications is the publishing arm of Book Corporation, a leading law book selling and publishing concern, more than 50 years old and serving the professional fraternity in India. Late Sri Kishan Gopal Maheshwari is the mastermind behind the set up of this publishing house. He believed - “Book is Knowledge, Knowledge is Power and a Book is Power House” for all the professionals. BC Publications publishes diverse range of publications in the area of taxation, company law, civil laws, industrial and labour law, etc. The publishing house is famous for giving opportunities to new and aspiring authors and provide them the opportunity to showcase their work to the professional community at large.
