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BENAMI LAW CONFISCATION
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...- 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...
- CBDT files review against SC's benami ruling; terms it continuing criminal offenceThe petition was filed by the Central Board of Direct Taxes (CBDT) that frames policy for the tax department under the department of revenu...
- 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 ...
- I-T takes over Mehul Choksi's assets in 1st Benami law confiscationThe assets linked to Choksi were provisionally attached last year under the BTPA after a probe by the Mumbai IT investigation wing ascertai...
- Rajasthan High Court rules Benami Amendment Act, 2016, can’t be effective retrospectivelyThe new ruling allows the tax office to confiscate property and put the real owners and benamidar behind bars.
- Confiscated benami assets worth Rs 6,900-cr: I-T departmentThe tax department started initiating action under this law, implemented by the Modi government, from November 1, 2016.
- 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...
- After demonetisation, benami properties to be next target says PM ModiThe way ahead is for India to adopt the Torrens system wherein land ownership is directly registered by the state.
- Law to deal with benami properties introduced in Lok SabhaGovt introduced a stringent law to deal with benami properties, proposing legislation that provides for confiscation of property and up to ...
- 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.
- Bill for stricter control over benami transactionsA comprehensive bill to have stricter control over benami transactions was introduced in the Lok Sabha today.
- Benami deals in name of wife, kids to be legitimisedUnion Cabinet on Thursday approved the replacement of the existing Benami Transactions (Prohibition) Act 1988 with a new law, Benami transa...
- Govt to consider new law to track benami dealsIn a bid to deal with the menace of black money, the government is likely to consider the possibility of enacting a new law.
- Government may approve benami property act changes today to fight against black moneyThe union cabinet is expected to approve amendments to benami property law to demonstrate its seriousness in fighting the menace 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.
- Benami property to be seized under new lawA benami transaction is one in which a property is transferred to one person for a consideration paid or provided by another person.
- 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.
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