WEBINAR ON CONFLUENCE OF BENAMI LAW, BLACK MONEY ACT AND MONEY LAUNDERING ACT WITH INCOME TAX ACT

The success of a developing economy like India critically depends on the capacity of our society to root out the evil of corruption and black money from its very foundations. The Indian Government has rigorously tried to curb the generation of black money and to bring back the supressed money along with its benefit which is circulating in the economy under the tax regime. With this motive, the Government introduced the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, substantially amended the Prohibition of Benami Property Transactions Act, 1988 and has vigorously applied such acts along with the Prevention of Money-laundering Act, 2002.

There appears to be substantial overlapping of all the above mentioned Acts with the Income Tax Act, 1961. To understand this confluence between the above laws, the Allied Law Committee of The Chamber of Tax Consultants is pleased to announce a webinar on Confluence between Benami law, Black Money law and Money Laundering Law with the Income Tax Act. The Webinar is designed to understand the nuances of the law and understand the concept of ‘double jeopardy’.

The relevant details for the same are under: