Searched for
BENAMI PROPERTIES ACT
Paid tax on black money? 7 reasons you can still lose it all- Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
- ED raids in Maharashtra, Gujarat in Salim Dola drugs caseThe Enforcement Directorate conducted raids across Maharashtra and Gujarat. The probe targets Mohammad Salim Dola, an alleged drug traffick...
- Money laundering case: Court sends 'godman' Ashok Kharat in judicial custodySelf-styled godman Ashok Kharat has been sent to 14-day judicial custody. He faces money laundering charges involving over Rs 47 crore. The...
- Informal ‘benami’ investments may now face confiscation; Supreme Court ruling puts family property deals under scannerWhere family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangem...
- ED summons PSPCL CMD, director, others in case against Punjab minister Sanjeev AroraThe Enforcement Directorate has summoned senior IAS officer Basant Garg and PSPCL Director Harsharan Kaur Trehan for questioning. They are ...
- SC order turns up tax heat on old benami transactionsThe Supreme Court has ruled that tax authorities can retroactively apply the benami law to confiscate assets from transactions predating 20...
- New ruling on Benami law may unearth old dealsEven if a benami transaction had happened long before November 2016, when the new, amended statute came into force, the parties would face ...
- How Benami law changes impact both old and new property buyersBenami Property can be in any form, i.e., immoveable, movable. Intangible, tangible, corporeal, incorporeal, property in converted form and...
- Property in wife’s name not benami if valid funds used: Delhi High CourtSetting aside a trial court order that treated one such property as benami, HC said it was to be proved during trial whether the property w...
- Be an informer to income tax department, earn up to Rs 5 croreThis reward scheme is aimed at encouraging people to give info about benami transactions and properties as well as income earned on such pr...
- 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, ...
- Benami properties worth over Rs 800 crore attached: CentreProvisional attachment of properties under the Act has been done in more than 230 cases," Santosh Kumar Gangwar said.
- Benami assets: I-T registers 230 cases, attaches assets worth Rs 55 croreViolations of the Act, made operational from November 1 last year, attract a heavy penalty and rigorous jail term up to seven years.
- With benami holdings on government’s radar, anxious queries on new rulesThe amendment allows the government to confiscate properties or assets held in another person’s name or fictitious names to evade tax and h...
- Benami Property Act to be effective from Nov 1With a view to curb the menace of black money, Parliament in August had passed the Benami Transactions (Prohibition) Act, after assurance f...
- New law to enable confiscation of benami properties: Jayant SinhaSinha said there was proposal for amending Depositories Act or inserting a provision in the I-T Act for forfeiture of benami assets.
- Incremental move to bring a new law to unearth benami propertyMoreover, a single law is unlikely to check either speculative real estate transactions or real estate price bubbles.
- A Property in husband's name would be Benami no moreWomen will be able to acquire assets in name of their husbands without running the risk of the property being declared benami.
- Govt to strengthen benami transactions prohibition actAiming to clamp down on benami transactions, the government is set to give more teeth to the Benami Transactions (Prohibition) Act, 1988.
Load More
