Jain had filed the petition in 2017 and said that these alleged transactions took place between 2011 to March 2016 and therefore the amendm...

A plethora of transactions like cash transfers, property deals, and share issuances have come under the lens with the invocation of the Ben...

Based on a trust-based governance mechanism, the Finance Bill has now allowed taxpayers to file an 'Updated Return' within two years from t...

On the applicability of harsh Indian laws like PMLA, Black Money Act and Benami Act, the IFSCA chairman said, “No one is saying KYC should ...

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 o...

The company said the properties were purchased with its money by its land aggregator, Nilesh Thakur, appointed in 2007. Nilesh is the broth...

"Income Tax Department has attached properties worth more than Rs 3,500 crore, including immovable properties of more than Rs 2,900 crore, ...

Tax experts, however, said even now a distinction between unexplained tax credits, where higher tax is applicable, and a benami transaction...

Action against illicit asset holders is set to intensify under the provisions of the anti-Benami Act. The taxman has already attached 621 p...

"Some of the ministers have tried to convince the investigators saying that they had taken money for election funds or for some charity pur...

The department started initiating actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 from November 1 last year.

Benami property "may be attached and confiscated by the government" and these actions are in "addition to actions under other laws such as ...

Violations of the Act, made operational from November 1 last year, attract a heavy penalty and rigorous jail term up to seven years.

Carpet makers, handicraft, weavers and metal scrap aggregators had a feeling that due to shortage of currency, the payments were affected.

The amendment removes conflict between provisions of the IDS that provided immunity from Benami Act condition to transfer of property to ac...

The Budget has proposed a new and comprehensive Benami Transactions (Prohibition) Bill, which is likely to be introduced in Parliament in t...

The government was considering making changes in the Benami Act following pressure building from international quarters to tighten anti-lau...