Refresher Course

CPE Hours: 12 Structured

Fees

Member: ₹ 1000 Plus GST

Non Member: ₹ 2000 Plus GST

Course Dates

Timing

04:30 PM – 07:30 PM

CPE Credit Hrs

12 ( Twelve Hours )

Topics, Dates & Time

Day – 1 Thursday 28.01.2021 : 04:30 PM – 07:30 PM

Art of Pleadings and Representation in Assessment and Appeal Under Income Tax Act

Day – 2 Friday 05.02.2021 : 04:30 PM – 07:30 PM

Analysis of Fiscal Budget 2021

Day – 3 Saturday 06.02.2021 : 04:30 PM – 07:30 PM

Practical Aspects of New Benami Law, and Anti-Money Laundering Law and Black Money and interplay of all these laws inter-se and with Income Tax Law and Role of CAs in handling the same.

FUNDAMENTAL QUESTIONS ARISING UNDER NEW BENAMI LAW

1. Whether transactions done in the past and properties held presently (purchased decades back) can also be attached under new benami law?
2. Whether there is any future time limit for making attachment of the property purchased today under this law?
3. Whether properties acquired in the names of close relatives can also be attached as ‘benami’ e.g. in the name of Brother, Sister, Mother, Father, Grand Parents, Grand Children, Wife’s Brother/Sister, Sister’s Husband etc.
4. What about property acquired in the name of wife or children?
5. What kinds of properties are covered under new PBPT Act, 1988;
whether immovable properties only are covered or movable also covered?
6. Whether it affects any particular class of people or any individual (of any class) can be roped in?
7. Whether the bonafide intention/motive of the person can be an escape route and such transaction can be excluded from the proceedings under PBPT Act, 1988?
8. Is there any protection to the purchaser who had no knowledge of benami transaction? Any protection available to a bonafide purchaser under the new law?
9. Whether the provisions of the PBPT Act, 1988 debar the provisions of benami law and vice-versa?
10. Is there any scope of U-Turn if benami transaction is done inadvertently?
11. Is there any provision of compounding or settlement under the law?
12. Whether the application of other laws is debarred if the provisions of PBPT Act, 1988 are applicable?
13. Is there any provision of compensation from the government to the affected party for the wrong attachment done by the Benami Prohibition Unit ?

There are many more complex issues being faced today by many of us under the new law.

In the forthcoming Webinar on coming Saturday at 4.30pm, Our guest speaker CA Ashwani Taneja, Advocate (Ex-Member ITAT) shall help us in finding answers to many such questions and other complex issues.

FUNDAMENTAL QUESTIONS ARISING UNDER PREVENTION OF MONEY LAUNDERING ACT

1. Which law is governing Anti- Money laundering law in our country?
2. Who is the enforcement Agency under the said law?
3. What is Money Laundering?
4. What are the proceeds of crimes?
5. Whether tax evasion is also Money Laundering or it is different from Money Laundering?
6. Who are the appellate authorities under this law and what are the remedial measures available?
7. What are the consequences if this law is invoked upon any person and/or his properties?
8. What are the punishments for the offenders prescribed under this law?
9. Whether the person who is involved in the offence of Money Laundering alone is affected under the law or any other person connected, associated or dealing with such person may also be adversely affected?
10. What makes this law so harsh with serious implications?
11. Whether the concept of burden of proof under this law is same as is recognised in the Constitution of India or there is any deviation from it?
12. What kind of assets can be attached; whether involved in Money Laundering alone or any other Assets also?
13. Whose assets can be attached i.e. the assets of the person involved in Money Laundering or any other person also?
14. What are the power of the enforcement agencies? whether it has power of survey / search / attachment /confiscation etc also?
15. Whether it has power of arrest also?
16. What is the interplay between this law and other law dealing with the Economic offences?
17. Whether the property acquired out of the tax paid money can also be treated as proceeds of crime & be made liable for attachment / confiscation under this law?
18. Whether the property involved in Money Laundering can also be treated as Benami Property and Vice-versa?
19. What is it’s interplay with Black Money Act, 2015?

There are many more complex issues being faced today by many of us under the new law.

In the forthcoming Webinar on coming Saturday at 4.30pm, Our guest speaker CA Ashwani Taneja, Advocate (Ex-Member ITAT) shall help us in finding answers to many such questions and other complex issues.

Session Chairman: Dr R N Dash, Advocate
Former Acting Chairman and Member, Appellate Tribunal for Prevention of Money Laundering for India, And Former Director General of International Taxation for India New Delhi

Speaker: CA Ashwani Taneja, Advocate, Ex- Member ITAT

Day – 4 Friday 12.02.2021 : 04:30 PM – 07:30 PM

Nuances of Penalty & Prosecution Provisions Under Income Tax Act

Organised by: Northern India Regional Council of ICAI