Benami Black Money & Money Laundering Laws

This book provides a comprehensive guide to the legal framework in India addressing financial misconduct, including Benami transactions, undisclosed foreign income, fugitive economic offenders, and money laundering. It consolidates key laws - such as:

• Prohibition of Benami Property Transactions Act, 1988, as amended by the Finance (No. 2) Act, 2024 with Rules, Schemes & Notifications
• Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, as amended by the Finance (No. 2) Act 2024 with Rules, Challans, Instructions and Circulars & Notifications
• Fugitive Economic Offenders Act, 2018, with 5+ Rules & Notifications
• Prevention of Money-laundering Act, 2002, as amended upto date with 10+ Rules & Regulations and Notifications

The book serves as a detailed reference for legal practitioners, compliance officers, and financial consultants, providing updated statutes, relevant notifications, and procedural guidelines to understand these complex laws effectively.

The Present Publication is the 2024 Edition and has been amended by the Finance (No. 2) Act 2024. This book is edited by Taxmann's Editorial Board with the following coverage.

• Prohibition of Benami Property Transactions Act, 1988, with Rules, Schemes & Notifications
  • Prohibition of Benami Property Transactions Act, 1988, as amended by the Finance (No. 2) Act, 2024
  • Prohibition of Benami Property Transactions Rules, 2016, as amended up to date
  • Prohibition of Benami Property Transactions (Conditions of Services of Members of Adjudicating Authority) Rules, 2019
  • Benami Transactions Informants Reward Scheme, 2018
  • Notifications
• Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, with Rules, Challans, Instructions and Circulars & Notifications
  • Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, as amended by the Finance (No. 2) Act, 2024
  • Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015
  • Undisclosed Foreign Income and Assets Challan
  • Instruction to Subordinate Authorities - Instructions Regarding Handling of Income-tax Cases and Black Money Cases
  • Circulars and Notifications
• Fugitive Economic Offenders Act, 2018, with 5+ Rules & Notifications
  • Fugitive Economic Offenders Act, 2018
  • Declaration of Fugitive Economic Offenders (Forms and Manner of Filing Application) Rules, 2018
  • Fugitive Economic Offenders (Manner of Attachment of Property) Rules, 2018
  • Fugitive Economic Offenders (Issuance of Provisional Attachment Order) Rules, 2018
  • Fugitive Economic Offenders (Procedure for Conducting Search and Seizure) Rules, 2018
  • Fugitive Economic Offenders (Manner and Conditions for Receipt and Management of Confiscated Properties) Rules, 2018
  • Fugitive Economic Offenders (Procedure for Sending Letter of Request to Contracting State) Rules, 2018
  • Notifications
• Prevention of Money-laundering Act, 2002, with 10+ Rules & Regulations and Notifications
  • Prevention of Money-laundering Act, 2002, as amended up to date
  • Prevention of Money-laundering (the Manner of Forwarding a Copy of the Order of Provisional Attachment of Property along with the Material and Copy of the Reasons along with the Material in respect of Survey, to the Adjudicating Authority and its Period of Retention) Rules, 2005
  • Prevention of Money-laundering (Receipt and Management of Confiscated Properties) Rules, 2005
  • Prevention of Money-laundering (Maintenance of Records) Rules, 2005
  • Prevention of Money-laundering (Forms, Search and Seizure or Freezing and the Manner of Forwarding the Reasons and Material to the Adjudicating Authority, Impounding and Custody of Records and the Period of Retention) Rules, 2005
  • Prevention of Money-laundering (the Forms and the Manner of Forwarding a Copy of the Order of Arrest of a Person along with the Material to the Adjudicating Authority and its Period of Retention) Rules, 2005
  • Prevention of Money-laundering (the Manner of Forwarding a Copy of the Order of Retention of Seized Property along with the Material to the Adjudicating Authority and the Period of its Retention) Rules, 2005
  • Prevention of Money-laundering (Manner of Receiving the Records authenticated Outside India) Rules, 2005
  • Prevention of Money-laundering (Appeal) Rules, 2005
  • Adjudicating Authority (Procedure) Regulations, 2013
  • Prevention of Money-laundering (Issuance of Provisional Attachment Order) Rules, 2013
  • Prevention of Money-laundering (Taking Possession of Attached or Frozen Properties Confirmed by the Adjudicating Authority) Rules, 2013
  • Prevention of Money-laundering (Restoration of Property) Rules, 2016
  • Notifications