Benami Act News
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Delhi Court Ends Money Laundering Case Proceedings Against Satyendar Jain
The Delhi High Court on Monday granted relief by allowing Delhi minister Satyendar Jain's plea challenging proceedings against him under the Benami Transaction (Prohibition) Amendment Act 2016.
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Benami Act Violators To Face Double Whammy Of Legal Action
In advertisements issued in leading national dailies today, the Income Tax department stated: "Do not enter into benami transactions" as the Benami Property Transactions Act, 1988, is "now in action" from November 1, 2016.
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General Anti-Avoidance Tax Rule To Kick In From April 2017
General Anti-Avoidance Rule (GAAR) was part of the 2012-13 Budget speech of the then Finance Minister Pranab Mukherjee to check tax evasion and avoidance.
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7-Year Jail For Illegal Cash Deposits, Tax Department Warns Violators
The tax department has decided to slap charges under the newly enforced Benami Transactions Act against violators that carries a penalty, prosecution and rigorous jail term of a maximum seven years.
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Benami Property Act To Be Effective From November 1
The new law to prohibit benami transactions, which also provides for up to 7 years imprisonment and fine for those indulging in such activities, will come into effect from November 1.
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Cabinet Nod For Amendment To Benami Transactions Bill
The Union Cabinet on Wednesday gave its approval for introducing amendments to the Benami Transactions (Prohibition) Amendment Bill, 2015.
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Delhi Court Ends Money Laundering Case Proceedings Against Satyendar Jain
The Delhi High Court on Monday granted relief by allowing Delhi minister Satyendar Jain's plea challenging proceedings against him under the Benami Transaction (Prohibition) Amendment Act 2016.
-
Benami Act Violators To Face Double Whammy Of Legal Action
In advertisements issued in leading national dailies today, the Income Tax department stated: "Do not enter into benami transactions" as the Benami Property Transactions Act, 1988, is "now in action" from November 1, 2016.
-
General Anti-Avoidance Tax Rule To Kick In From April 2017
General Anti-Avoidance Rule (GAAR) was part of the 2012-13 Budget speech of the then Finance Minister Pranab Mukherjee to check tax evasion and avoidance.
-
7-Year Jail For Illegal Cash Deposits, Tax Department Warns Violators
The tax department has decided to slap charges under the newly enforced Benami Transactions Act against violators that carries a penalty, prosecution and rigorous jail term of a maximum seven years.
-
Benami Property Act To Be Effective From November 1
The new law to prohibit benami transactions, which also provides for up to 7 years imprisonment and fine for those indulging in such activities, will come into effect from November 1.
-
Cabinet Nod For Amendment To Benami Transactions Bill
The Union Cabinet on Wednesday gave its approval for introducing amendments to the Benami Transactions (Prohibition) Amendment Bill, 2015.
