Where family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangem...

The Enforcement Directorate has summoned senior IAS officer Basant Garg and PSPCL Director Harsharan Kaur Trehan for questioning. They are ...

The Supreme Court has ruled that tax authorities can retroactively apply the benami law to confiscate assets from transactions predating 20...

Even if a benami transaction had happened long before November 2016, when the new, amended statute came into force, the parties would face ...

Benami Property can be in any form, i.e., immoveable, movable. Intangible, tangible, corporeal, incorporeal, property in converted form and...

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 w...

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

Provisional attachment of properties under the Act has been done in more than 230 cases," Santosh Kumar Gangwar said.

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

The amendment allows the government to confiscate properties or assets held in another person’s name or fictitious names to evade tax and h...

With a view to curb the menace of black money, Parliament in August had passed the Benami Transactions (Prohibition) Act, after assurance f...

Sinha said there was proposal for amending Depositories Act or inserting a provision in the I-T Act for forfeiture of benami assets.

Moreover, a single law is unlikely to check either speculative real estate transactions or real estate price bubbles.

The union cabinet is expected to approve amendments to benami property law to demonstrate its seriousness in fighting the menace of black m...

Women will be able to acquire assets in name of their husbands without running the risk of the property being declared benami.

Aiming to clamp down on benami transactions, the government is set to give more teeth to the Benami Transactions (Prohibition) Act, 1988.