Contents: I. Undisclosed Income: Introduction. 1. Scheme of taxation of undisclosed income covered by sections 68 to 69d. 2. Voluntary disclosure of undisclosed income. 3. Detection of undisclosed income by department. 4. Cash credits under section 68. 5. Share application money/share capital/share premium in case of closely-held companies-when unexplained cash credit. 6. Share application money/share capital/share premium in case of widely-held companies-when unexplained cash credit. 7. Whether capital gains from shares taxable u/s 68? 8. Loans and deposits - whether unexplained cash credits? 9. Deposits from tenants - whether and when unexplained cash credits. 10. Credits in firm’s books - when unexplained cash credits. 11. Sundry creditors/trade creditors - when unexplained cash credits. 12. Unexplained investments under section 69. 13. Unexplained investment in lottery tickets. 14. Additions u/s 69 on the basis of stock statements submitted to banks. 15. Unexplained money, bullion, etc. - section 69a. 16. Amount of investments etc. Not fully disclosed in books - section 69b. 17. Unexplained expenditure etc. - section 69c. 18. Amount borrowed or repaid on hundi - section 69d. II. Donee-Based Taxation Of Gifts Of Money Received By Any Person. 19. Donee-based taxation of gifts legislative history. 20. Taxability of gifts of sums of money received. 21. Receipt of sums of money. 22. Sum of money received without consideration. 23. How to compute the limit of 50,000. 24. Tax-exempt gifts. 25/26. ‘Any person or persons’. III. Taxation Of Gifts Of Immovable Property Received By Any Person. 27. Immovable property - scope of this term. 28. Conditions for taxability of gifts received of immovable properties. 29. Received without consideration or for a consideration less than SDV by 50,000. 30. Date of receipt of immovable property. 31. Valuation of the immovable property received. 32. How to compute the limit of 50,000? 33. Computation of capital gains on transfer of immovable property taxed as gift. IV. Taxation Of Gifts Of Movable Property Received By Any Person. 34. ‘Property’ (other than immovable property) (i.e. Movable property). 35. Conditions for taxability of movable property received without consideration or for consideration below FMV. 36. Movable property received without consideration/for consideration less than FMV. 37. Date of receipt of shares and securities, jewellery, etc. 38. Determination of fair market value. 39. Taxation of shares and securities received. 40. Valuation of jewellery. 41. Valuation of artistic work. 42. Valuation of bullion. 43. How to compute the limit of 50,000. Appendices.