Benami Black Money and Money Laundering Laws 2025 edition

Description

Taxmann Benami Black Money and Money Laundering Laws 2025 edition by Taxmann's Editorial Board

__This book is a comprehensive guide to India's legal framework addressing financial misconduct, including Benami transactions, undisclosed foreign income, fugitive economic offenders, and money laundering. It consolidates four critical legislations—covering the Prohibition of Benami Property Transactions, Black Money (Undisclosed Foreign Income and Assets), Fugitive Economic Offenders, and Prevention of Money-laundering—along with their latest amendments introduced by the Finance Act 2025. The compilation provides fully updated statutes, relevant notifications, rules, and procedural guidelines to help readers understand the complexities of these laws.

__This book is intended for the following audience:

___Legal Practitioners & Advocates – Lawyers specialising in tax, corporate, and criminal law who require a detailed reference for litigation and advisory___Compliance & Finance Officers – Banking, fintech, and corporate compliance professionals seeking clear insights on statutory obligations, enforcement mechanisms, and penalty implications___Tax Consultants & Accountants – Chartered Accountants, Cost Accountants, and finance consultants dealing with cross-border transactions, detection of undisclosed foreign assets, and anti-money-laundering regulations___Academics & Policy Researchers – Researchers, faculty members, and students exploring comprehensive aspects of financial regulation, enforcement, and the evolving jurisprudence on financial crimes

__The Present Publication is the 2025 Edition and amended by the Finance Act 2025. This book is edited by Taxmann's Editorial Board with the following coverage.

_[_Complete Coverage of Four Core Legislations]
__Prohibition of Benami Property Transactions Act, 1988 (_Amended by the Finance Act 2025)__Black Money (Undisclosed Foreign Income and Assets) & Imposition of Tax Act, 2015 (_Amended by the Finance Act 2025)__Fugitive Economic Offenders Act, 2018, _with updated rules & notifications__Prevention of Money-laundering Act, 2002, _with the latest rules & regulations
_[_Incorporates New Amendments] Reflects the latest provisions introduced by the Finance Act 2025, including procedural changes, penalty structures, and clarifications_[_Rules, Notifications & Schemes] Presents each Act with its attendant rules, government notifications, circulars, and any informant reward schemes, ensuring easy reference in one place_[_Procedural Guidance]
_Detailed explanation of the adjudication process, penalties, appeals, and confiscation of property_Provides forms, challans, and instructions required for procedural compliance
_[_Simple & Logical Presentation] Organised for quick navigation—facilitates a deeper understanding of both substantive and procedural aspects of each law

__The coverage of the book is as follows:

___Prohibition of Benami Property Transactions Act, 1988, with Rules, Schemes & Notifications
_Text of the Act, updated by the Finance Act 2025_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) & Imposition of Tax Act, 2015, with Rules, Challans, Instructions & Notifications
_Act text, reflecting amendments by the Finance Act 2025_Black Money (Undisclosed Foreign Income and Assets) & Imposition of Tax Rules, 2015_Undisclosed Foreign Income and Assets Challan_Instructions to Subordinate Authorities regarding handling of Black Money and Income-tax cases_Circulars & Notifications
___Fugitive Economic Offenders Act, 2018, with Rules & Notifications
_Act along with 5+ key rules on forms, attachment orders, search & seizure procedures, management of confiscated properties, etc._Relevant Notifications
___Prevention of Money-laundering Act, 2002, with 10+ Rules & Regulations and Notifications
_Prevention of Money-laundering Act, 2002, as amended up to date_Accompanying Rules, including:
_Provisional attachment orders, maintenance of records, seizure/retention procedures_Appeals process and restoration of properties
_Notifications relevant to operational aspects under PMLA

__The structure of the book is as follows:

___Act-Specific Divisions – Each Act is a standalone division containing the principal legislation followed by all related rules, forms, and notifications___Annotations & Cross-References – In-text notes and references direct readers to related provisions or clarifications, ensuring cohesive comprehension across multiple laws___Procedural Highlights – Explains critical procedures—attachment, adjudication, appeals—within each legislative framework, citing relevant authorities (e.g., Initiating Officer, Adjudicating Authority, Appellate Tribunal)___Updates & Amended – Updated by recent amendments introduced by the Finance Act 2025, with special emphasis on newly inserted sections or revised penalty provisions___Practical Focus – Designed as both a research tool and an everyday practice guide, offering clarity for seamless compliance and enforcement