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BENAMI PROPERTY LAW
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...
- 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...
- SC recalls 2022 verdict declaring benami law provisions unconstitutionalThe Supreme Court overturned its 2022 decision declaring two provisions of the benami property law unconstitutional. The court agreed with ...
- 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 ...
- After Benami ruling, all eyes on 'retrospectivity' of Black Money LawWhile the I-T Act can be used to claim tax on 10-year old undisclosed income, the Black Money (BM) Act empowers the tax department to go af...
- 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 ...
- 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...
- 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.
- Benami properties next on Modi's hit list? PM may have a plan next yearGiven its huge disruptive influence on real estate market as well as politics, a crackdown on benami property has the possibility of hoggin...
- Government to bolster institutions for effective Benami law"Whatever is required to strengthen the institutions to make the Benami law more effective, we will do that," the official said here.
- Law against 'benami' properties to be operationalised soon: PM ModiMaking his last monthly address this year in his "Mann ki Baat" programme, he defended the frequent changes in the rules of demonetisation.
- 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.
- Is the Benami Bill targeted at corruption and black money futile?Apart from the provision declaring benami transactions illegal, the law also provided for the confiscation of property by the government.
- Bill for stricter control over benami transactionsA comprehensive bill to have stricter control over benami transactions was introduced in the Lok Sabha today.
- 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.
- Beware of Benami propertyThe govt can soon acquire & auction benami properties & property deeds must be verified by CAs.
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