Benami Black Money and Money Laundering Laws

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