BENAMI AMENDMENT ACT
Income tax dept launches portal for online filing of info about tax evasion, benami properties
The facility allows for the filing of complaints by persons who are existing PAN/Aadhaar holders as well as for persons having no PAN /Aadhaar. An individual can file a complaint either without reward or by becoming informer and claim reward.
GIFT needs LRS, Rupee ECB, will try to convince RBI, consult IT: Injeti Srinivas
On the applicability of harsh Indian laws like PMLA, Black M...
India ranks 34 on Global Real Estate Transparency Index
In 2014, India had ranked 39 on the index. Since then, the government has implemented...
Ordinance promulgated to give effect to extension of time limits under Taxation and Benami acts
Extension of several time limits related to direct and indirect tax filings have been extended to June 30, so has the date for passing of order or issuance of notice by tax authorities under various direct taxes and Benami Law.
Azhar, Saeed, Dawood, Lakhvi declared individual terrorists under amended UAPA
The decisions have been taken nearly a month after Parliament approved a crucial amendment to The Unlawful Activities (Prevention) Amendment Act, 1967.
Rajasthan High Court rules Benami Amendment Act, 2016, can’t be effective retrospectively
The new ruling allows the tax office to confiscate property and put the real owners and benamidar behind bars.
How Benami law changes impact both old and new property buyers
Benami Property can be in any form, i.e., immoveable, movable. Intangible, tangible, corporeal, incorporeal, property in converted form and proceeds from the property.
Modi's benami law has companies running for cover
The case of roping a tribal to acquire land in the C'garh through sham deals opened a pandora's box for firms.
Plots attached, top builder challenges Benami Act rules
The company said the properties were purchased with its money by its land aggregator, Nilesh Thakur, appointed in 2007. Nilesh is the brother of Nitish Thakur.
Property in wife’s name not benami if valid funds used: Delhi High Court
Setting aside a trial court order that treated one such property as benami, HC said it was to be proved during trial whether the property was purchased through known or unknown sources of income.
Benami properties worth Rs 4,300 crore attached: Government
"As on June 30, 2018, provisional attachments have been made in more than 1,600 benami transactions involving benami properties valued at over Rs 4,300 crore," Shukla said.
Income Tax Dept attaches 900 benami properties worth over Rs 3,500 crore: Finance Ministry
"Income Tax Department has attached properties worth more than Rs 3,500 crore, including immovable properties of more than Rs 2,900 crore, in 900 cases," Finance ministry said.
Rs 15 crore bank deposits made post demonetisation declared benami
The deposits were declared 'benami in the ruling in one of the first adjudication cases of the new anti-black money law.
Benami Property Act to be effective from Nov 1
With a view to curb the menace of black money, Parliament in August had passed the Benami Transactions (Prohibition) Act, after assurance from Finance Minister Arun Jaitley that genuine religious trusts will be kept out of the purview of the legislation.
Cabinet okays Benami Bill amendments for immunity under Income Disclosure Scheme
The amendment removes conflict between provisions of the IDS that provided immunity from Benami Act condition to transfer of property to actual beneficial owner.