"Micro-Learning Series” on "Fundamentals & Practical Aspects of Benami Law in India"
- Year of Publication: 2020
- ISBN: 0
Course Duration:
13 episodes under 30 minutes each
Course Background:
According to Pike’s 90/20/8 rule, a concept or content can be thought for 90 minutes without a break; however, the content needs to be chunked into 20-minute sections with interaction for every 8 minutes. Fast forward to today’s corporate environment, maintaining the attention of employees has become a difficult task in most organizations due to the variations in their attention spans. To cater to this problem, micro learning has become an interesting way of teaching concepts in short, focused nuggets or micro-bites. A solid microlearning strategy involves delivering impactful learning experiences for participants, to help them learn effectively and efficiently, even at work.
What shall the course cover?
In the light of this backdrop, Taxsutra’s E-Learning Team has toiled round-the-clock to bring to you its maiden edition of “Taxsutra Micro-Learning Series” on the theme of “Fundamentals & Practical Aspects of Benami Law in India.” Over the course of this micro-learning series, Advocate Sagar Tilak has exhaustively dealt with the nuances associated with the benami law in India, as follows:
|
Episode Number/s |
Broad Topic Coverage |
|
1 |
What is a Benami Transaction? |
|
2 |
·Prohibition, Restrictions on transfer of benami property under Section 4 ·Transactions between husband and wife |
|
3 |
Restriction on re-transfer of Benami Property u/s. 6 – Once a Benami then Benami Forever! |
|
4 |
Authorities specified under the Benami Act & Power of the Authorities |
|
5 |
Show Cause Notice under the Benami Act ·Insights into Sec. 24(1) ·Meaning of Provisional Attachment u/s. 24(3) ·Order u/s. 24(4) ·Proceedings before an Adjudicating Authority ·Appeals |
|
6 |
Punishments & Penalties under Benami Law |
|
7 |
Confiscation of Benami Property & Immunity from Confiscation |
|
8 |
Benami Act – Whether Prospective or Retrospective? |
|
9, 10 & 11 |
14 Case Studies dealing with the following instances: ·Impact of Benami Act on Corporate structures involving shell companies ·Applicability of Benami Act to high share premium transactions ·Cash advances paid to employees by employer during demonetization period ·Search and Seizure Operations carried out by IT-Dept. at the premises of an individual ·An individual who is a partner in a partnership firm and has unaccounted cash |
|
12 |
Interplay between Benami Law & Other Acts, viz – Prevention of Money-Laundering Act, Insolvency & Bankruptcy Code & Income Tax Act. |
|
13 |
Closing Remarks |
You may also purchase the e-book copy of the book - "Practical Guide to Prohibition of Benami Property Transactions Act" (Reservoir Price - Rs. 675), authored by Advocate Sagar Tilak.
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.
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2020
- ISBN: 0
Course Duration:
13 episodes under 30 minutes each
Course Background:
According to Pike’s 90/20/8 rule, a concept or content can be thought for 90 minutes without a break; however, the content needs to be chunked into 20-minute sections with interaction for every 8 minutes. Fast forward to today’s corporate environment, maintaining the attention of employees has become a difficult task in most organizations due to the variations in their attention spans. To cater to this problem, micro learning has become an interesting way of teaching concepts in short, focused nuggets or micro-bites. A solid microlearning strategy involves delivering impactful learning experiences for participants, to help them learn effectively and efficiently, even at work.
What shall the course cover?
In the light of this backdrop, Taxsutra’s E-Learning Team has toiled round-the-clock to bring to you its maiden edition of “Taxsutra Micro-Learning Series” on the theme of “Fundamentals & Practical Aspects of Benami Law in India.” Over the course of this micro-learning series, Advocate Sagar Tilak has exhaustively dealt with the nuances associated with the benami law in India, as follows:
|
Episode Number/s |
Broad Topic Coverage |
|
1 |
What is a Benami Transaction? |
|
2 |
·Prohibition, Restrictions on transfer of benami property under Section 4 ·Transactions between husband and wife |
|
3 |
Restriction on re-transfer of Benami Property u/s. 6 – Once a Benami then Benami Forever! |
|
4 |
Authorities specified under the Benami Act & Power of the Authorities |
|
5 |
Show Cause Notice under the Benami Act ·Insights into Sec. 24(1) ·Meaning of Provisional Attachment u/s. 24(3) ·Order u/s. 24(4) ·Proceedings before an Adjudicating Authority ·Appeals |
|
6 |
Punishments & Penalties under Benami Law |
|
7 |
Confiscation of Benami Property & Immunity from Confiscation |
|
8 |
Benami Act – Whether Prospective or Retrospective? |
|
9, 10 & 11 |
14 Case Studies dealing with the following instances: ·Impact of Benami Act on Corporate structures involving shell companies ·Applicability of Benami Act to high share premium transactions ·Cash advances paid to employees by employer during demonetization period ·Search and Seizure Operations carried out by IT-Dept. at the premises of an individual ·An individual who is a partner in a partnership firm and has unaccounted cash |
|
12 |
Interplay between Benami Law & Other Acts, viz – Prevention of Money-Laundering Act, Insolvency & Bankruptcy Code & Income Tax Act. |
|
13 |
Closing Remarks |
You may also purchase the e-book copy of the book - "Practical Guide to Prohibition of Benami Property Transactions Act" (Reservoir Price - Rs. 675), authored by Advocate Sagar Tilak.
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.
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
