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BENAMI TRANSACTIONS AMENDMENT
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...- 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 ...
- Delhi High Court closes all proceedings against Satyendar Jain under Benami ActJain had filed the petition in 2017 and said that these alleged transactions took place between 2011 to March 2016 and therefore the amendm...
- Proper realty check goes beyond BenamiThe Supreme Court's ruling on Tuesday that the amended 2016 law prohibiting benami property transactions cannot be applied retrospectively ...
- Supreme Court strikes down provision of 1988 Benami lawThe verdict came on the appeal of the Centre challenging the Calcutta High Court judgement in which it was held that the amendment made in ...
- SC ruling on retro effect of Benami Law keenly awaitedA plethora of transactions like cash transfers, property deals, and share issuances have come under the lens with the invocation of the Ben...
- FM urged to equalise tax benefits for govt and non-govt employees in Budget 2020The Income-tax Act, 1961 differentiates between a government employee and non-government employee. However, this should not be the case. Th...
- 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...
- 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...
- Rs 900 crore Benami properties attached in Rajasthan in 16 monthsSo far, 176 benami properties and 25 bank accounts were attached till March after the amended Benami Transaction (prohibition) Amendment Ac...
- 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.
- Notices issued in 140 cases of benami properties worth Rs 200 croreShow cause notices for provisional attachment of benami properties have been issued in 140 cases involving properties of the value of about...
- 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...
- Government to introduce amendments to Benami Transactions BillThe amendments aim to strengthen the Bill in terms of legal and administrative procedure so as to overcome the practical difficulties which...
- Benami Transactions Amendment bill may pass in monsoon sessionThe bill seeks to amend the definition of benami transactions in the Benami Transactions (Prohibition) Act, 1988, and create an appellate t...
- Cabinet okays law on benami transactions to curb black moneyAfter the measure to bring back black money stashed abroad, government today cleared a bill to deal with benami transactions with confiscat...
- Cabinet clears bill to check benami transactions aimed at curbing domestic black moneyApart from confiscation, the Bill provides for prosecution and aims to act as a major avenue for blocking generation and holding of black m...
- 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.
- Beware of Benami propertyThe govt can soon acquire & auction benami properties & property deeds must be verified by CAs.
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