Description
Bloomsbury India Prohibition Of Benami Transactions - Concepts & Law (Second Edition) by Radhakrishna Sreepada IRS
About the Book
The Benami Property Transactions (Prohibition) Act, 1988 was amended in 2016 and the amended Act came into force from 1 -11 -2016. This Amendment Act of 2016 has made various changes to the Act of 1988. These changes are for establishing the authorities to implement the Act and the provisions enabling them to enforce the Act.
This book gives a comprehensive picture of the law relating to prohibition of Benami transactions. It compares the powers of the authorities under the Benami Transactions (Prohibition) Amendment Act, 2016 and the Income-tax Act, 1961 and gives the similarities and variations under both the legislations in respect of powers of various authorities.
All relevant Acts, Rules, Forms, Notifications issued under the Benami Transactions (Prohibition) Act are made a part of the book to make it an all-encompassing reference material.
Key Features
• Extensive discussion on evolution of Benami Law in India.
• Analysis of salient features of Benami Law.
• Comprehensive analysis of the definitions of important terms.
• Discussion on authorities and their powers under the Act.
• Detailed commentary on procedure to be followed by each Authority.
• Specifies the time limits prescribed for taking action.
• Covers comparison of powers under this Act and the Income Tax Act.
• Includes the relevant Acts, Rules and Notifications issued by the Central Government.
About the author
Radhakrishna Sreepada, IRSis an officer belonging to the 1989 batch of the Indian Revenue Service. He has 30 years of experience in the Income Tax Department at various levels.
Radhakrishna has authored articles on different topics in Income tax which are published in various tax journals.
Radhakrishna was involved in the area of providing the technical and non-technical skills of the Human Resources to the Income Tax Department for two years as Additional Director General in-charge of Direct Taxes Regional Training Institutes at Bangalore and Chennai, which take care of the officers and staff posted in entire south India.
He was handling the appeals of large tax payers and exempt entities in Bangalore.
At present he is Principal Commissioner of Income Tax.