Practical Guide to Prohibition of Benami Property Transactions Act
- Year of Publication: 2019
- ISBN: 9789389176339
Practical Guide to Prohibition of Benami Property Transactions Act is a topic-wise commentary on all the provisions of the Benami Transactions (Prohibition) Act. The illustrations are discussed wherever required to bring more clarity and for better understanding of the provisions of the Act. The book also contains 100 Frequently Asked Questions for ready reference of the reader. The judiciary has dealt with cases of benami transactions in India for over 150 years even in the absence of any law governing benami transactions. Though the Benami Act is recently made effective, the definition of “benami transaction” is based on judicial precedents. Such ten important judicial precedents are analysed in a separate chapter of the book. The interplay between Benami Act and other legislations like Income Tax Act, 1961, Prevention of Money Laundering Act, 2002 and Insolvency and Bankruptcy Code, 2016 has also been discussed to bring clarity with respect to the operation of the specific Act in the given situation. Hypothetical transactions are analysed in detail in a separate chapter of case studies which contains the analysis of such ten situations.
Key Features
- Thematic commentary on the Benami Transactions (Prohibition) Act
- Examines Benami Act vis-à-vis other Statutes Governing Economic Offences
- Incorporates the 2019 Amendments to the Benami Law
- Includes 100 FAQs & 10 Advance Case Studies on Benami Law in India
- Provides detailed analysis of 10 Important Judicial Precedents
- Contains text of relevant Statutes, Rules, Notifications and Reports
Sagar Tilak is an Advocate and a Chartered Accountant. Prior to donning the gown full time in 2019, Sagar was a practicing Chartered Accountant for over a decade, specializing in tax advisory and tax litigation.
Ever since the dormant Benami Act got a radical facelift in 2016, Sagar has done extensive research in this area and gained practical experience by advising and representing clients in this new branch of law. Sagar has authored a book titled "Practical Guide to Prohibition of Benami Property Transactions Act" published by Oakbridge Publishers. Sagar specializes in the advisory and litigation relating to Taxation and Economic Offence Laws including Benami Act, Prevention of Money Laundering Act (PMLA), Prevention of Corruption Act, etc.
Sagar has delivered numerous lectures at seminars and conferences organized by the Institute of Chartered Accountants of India, Chamber of Tax Consultants, International Fiscal Association, etc. Sagar was specially invited to deliver a talk on Benami Law for the Benami Cell of Income Tax Department in 2018. Sagar has also authored articles for several publications and magazines including the CA Journal and leading tax portal taxsutra.com.
Sagar’s first love was cricket, another pitch on which he excelled, representing the state of Maharashtra in Under-19 matches.
OakBridge is a new age information services company established to re-establish the craft of publishing to better-serve the evolved needs of today’s Professionals and Academia. It is uniquely designed to have a strong framework of authoritative and reliable content, ethical and transparent business practices, operational excellence, and an unparalleled customer experience.
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- Year of Publication: 2019
- ISBN: 9789389176339
Practical Guide to Prohibition of Benami Property Transactions Act is a topic-wise commentary on all the provisions of the Benami Transactions (Prohibition) Act. The illustrations are discussed wherever required to bring more clarity and for better understanding of the provisions of the Act. The book also contains 100 Frequently Asked Questions for ready reference of the reader. The judiciary has dealt with cases of benami transactions in India for over 150 years even in the absence of any law governing benami transactions. Though the Benami Act is recently made effective, the definition of “benami transaction” is based on judicial precedents. Such ten important judicial precedents are analysed in a separate chapter of the book. The interplay between Benami Act and other legislations like Income Tax Act, 1961, Prevention of Money Laundering Act, 2002 and Insolvency and Bankruptcy Code, 2016 has also been discussed to bring clarity with respect to the operation of the specific Act in the given situation. Hypothetical transactions are analysed in detail in a separate chapter of case studies which contains the analysis of such ten situations.
Key Features
- Thematic commentary on the Benami Transactions (Prohibition) Act
- Examines Benami Act vis-à-vis other Statutes Governing Economic Offences
- Incorporates the 2019 Amendments to the Benami Law
- Includes 100 FAQs & 10 Advance Case Studies on Benami Law in India
- Provides detailed analysis of 10 Important Judicial Precedents
- Contains text of relevant Statutes, Rules, Notifications and Reports
Sagar Tilak is an Advocate and a Chartered Accountant. Prior to donning the gown full time in 2019, Sagar was a practicing Chartered Accountant for over a decade, specializing in tax advisory and tax litigation.
Ever since the dormant Benami Act got a radical facelift in 2016, Sagar has done extensive research in this area and gained practical experience by advising and representing clients in this new branch of law. Sagar has authored a book titled "Practical Guide to Prohibition of Benami Property Transactions Act" published by Oakbridge Publishers. Sagar specializes in the advisory and litigation relating to Taxation and Economic Offence Laws including Benami Act, Prevention of Money Laundering Act (PMLA), Prevention of Corruption Act, etc.
Sagar has delivered numerous lectures at seminars and conferences organized by the Institute of Chartered Accountants of India, Chamber of Tax Consultants, International Fiscal Association, etc. Sagar was specially invited to deliver a talk on Benami Law for the Benami Cell of Income Tax Department in 2018. Sagar has also authored articles for several publications and magazines including the CA Journal and leading tax portal taxsutra.com.
Sagar’s first love was cricket, another pitch on which he excelled, representing the state of Maharashtra in Under-19 matches.
OakBridge is a new age information services company established to re-establish the craft of publishing to better-serve the evolved needs of today’s Professionals and Academia. It is uniquely designed to have a strong framework of authoritative and reliable content, ethical and transparent business practices, operational excellence, and an unparalleled customer experience.
