Benami Act
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Double Benefit From PM Modi's Crackdown On 'Nameless' Properties, Say Experts
The practice of buying a property in the name of someone other than the buyer has been widely misused to buy real estate with undeclared income and with fake names and identities to avoid paying tax.
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Government To Bolster Institutions For Effective Benami Law: Report
A top Finance Ministry official said the government will do everything to strengthen the institutions required for effective operationalisation of the law.
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Benami Attachments Worth Crores May Fall Flat As No Authority For 1.5 Years
Benami properties are those in which the real beneficiary is not the one in whose name property has been purchased.
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Income Tax Department Crackdown Yeilds 400 Benami Transactions
Benami property includes movable or immovable assets and property which is in name of someone other than the beneficial owner.
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No Immunity From Benami Act On Deposits Under PMGKY Scheme
It is advisable that people should not resort to such a practice of declaring benami deposits under PMGKY as such declarations do not enjoy any immunity from the Benami Act, writes Mr Bhargava.
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Centre Moves Supreme Court For Open Court Hearing Of Benami Act Review
The Supreme Court on Tuesday agreed to consider the Centre's submissions for an open court hearing of its plea seeking review of the judgement by which several provisions of the Benami Transactions (Prohibition) Amendment Act, 2016 were struck down.
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Probe Agency Attaches Rs 55 Crore Worth 'Benami' Land Of DMK MP A Raja
The Enforcement Directorate on Thursday said it has attached a "benami" asset worth Rs 55 crore of DMK MP A Raja -- 45 acres of land in Coimbatore district in Tamil Nadu -- under the anti-money laundering law.
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Income Tax Department Confiscates Benami Assets Worth Rs 6,900 Crore
The Income Tax Department said it has attached and confiscated benami properties worth more than Rs 6,900 crore.
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Benami Attachments Worth Crores May Fall Flat As No Authority For 1.5 Years
Benami properties are those in which the real beneficiary is not the one in whose name property has been purchased.
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Income Tax Department Probing Property Registrations Over Rs 30 Lakh
The taxman is also investigating those shell companies and their directors whose operations were recently "debarred", said CBDT Chairman Sushil Chandra.
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CBI Searches Lalu Prasad Yadav’s Family Premises Over Hotel Tender Irregularities
Searches are being conducted today at 12 locations including Delhi, Patna, Ranchi.
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Income Tax Department Crackdown Yeilds 400 Benami Transactions
Benami property includes movable or immovable assets and property which is in name of someone other than the beneficial owner.
-
Notices Issued In Cases Of Rs 200-Crore Benami Property
Though the Benami Transaction (Prohibition) Act, 1988 has been on the statue book for more than 28 years, the same could not be made operational because of certain inherent defects.
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'Come Clean' Says Taxman To Black Money Holders As March Deadline Looms
The tax and penalty against those who hide their black money could go as high as 137 per cent of the cash deposits made, a senior officer at the Income Tax department said.
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Benami Act Violators To Face Double Whammy: 7 Years In Jail And Massive Fines
The tax department spelled out some salient features of the new Benami Act.
-
Double Benefit From PM Modi's Crackdown On 'Nameless' Properties, Say Experts
The practice of buying a property in the name of someone other than the buyer has been widely misused to buy real estate with undeclared income and with fake names and identities to avoid paying tax.
-
Government To Bolster Institutions For Effective Benami Law: Report
A top Finance Ministry official said the government will do everything to strengthen the institutions required for effective operationalisation of the law.
-
Benami Attachments Worth Crores May Fall Flat As No Authority For 1.5 Years
Benami properties are those in which the real beneficiary is not the one in whose name property has been purchased.
-
Income Tax Department Crackdown Yeilds 400 Benami Transactions
Benami property includes movable or immovable assets and property which is in name of someone other than the beneficial owner.
-
No Immunity From Benami Act On Deposits Under PMGKY Scheme
It is advisable that people should not resort to such a practice of declaring benami deposits under PMGKY as such declarations do not enjoy any immunity from the Benami Act, writes Mr Bhargava.
-
Centre Moves Supreme Court For Open Court Hearing Of Benami Act Review
The Supreme Court on Tuesday agreed to consider the Centre's submissions for an open court hearing of its plea seeking review of the judgement by which several provisions of the Benami Transactions (Prohibition) Amendment Act, 2016 were struck down.
-
Probe Agency Attaches Rs 55 Crore Worth 'Benami' Land Of DMK MP A Raja
The Enforcement Directorate on Thursday said it has attached a "benami" asset worth Rs 55 crore of DMK MP A Raja -- 45 acres of land in Coimbatore district in Tamil Nadu -- under the anti-money laundering law.
-
Income Tax Department Confiscates Benami Assets Worth Rs 6,900 Crore
The Income Tax Department said it has attached and confiscated benami properties worth more than Rs 6,900 crore.
-
Benami Attachments Worth Crores May Fall Flat As No Authority For 1.5 Years
Benami properties are those in which the real beneficiary is not the one in whose name property has been purchased.
-
Income Tax Department Probing Property Registrations Over Rs 30 Lakh
The taxman is also investigating those shell companies and their directors whose operations were recently "debarred", said CBDT Chairman Sushil Chandra.
-
CBI Searches Lalu Prasad Yadav’s Family Premises Over Hotel Tender Irregularities
Searches are being conducted today at 12 locations including Delhi, Patna, Ranchi.
-
Income Tax Department Crackdown Yeilds 400 Benami Transactions
Benami property includes movable or immovable assets and property which is in name of someone other than the beneficial owner.
-
Notices Issued In Cases Of Rs 200-Crore Benami Property
Though the Benami Transaction (Prohibition) Act, 1988 has been on the statue book for more than 28 years, the same could not be made operational because of certain inherent defects.
-
'Come Clean' Says Taxman To Black Money Holders As March Deadline Looms
The tax and penalty against those who hide their black money could go as high as 137 per cent of the cash deposits made, a senior officer at the Income Tax department said.
-
Benami Act Violators To Face Double Whammy: 7 Years In Jail And Massive Fines
The tax department spelled out some salient features of the new Benami Act.
