Benami News

Black money crackdown: As Income-Tax Dept targets Benami property assets and deals, here are 7 points to beware of

Black money crackdown: As Income-Tax Dept targets Benami property assets and deals, here are 7 points to beware of

Thus, “any transaction where possession of any immovable property is taken as a part performance of a contract is not a Benami transaction if the contract is registered and consideration as well as stamp duty have been paid,” says Akhil Chandna ...

No escape for Benami deals; govt may link Aadhar with land transactions

No escape for Benami deals; govt may link Aadhar with land transactions

In Uttar Pradesh, the revenue department started linking farmers' land records to their Aadhaar cards for securing ownership and to ensure reduction in cases of land grabbing. While in Haryana, digitisation of land records has almost finished and ...

Business Today Podcast: Aadhaar the 'big weapon' against benami properties, Microsoft offers highest pay packages ...

Business Today Podcast: Aadhaar the 'big weapon' against benami properties, Microsoft offers highest pay packages ...

India's economic growth in the second quarter (July-September) of current fiscal rose to 6.3 per cent compared to 5.7 per cent in first quarter (April-June). The GDP growth is in line with Forecasts made by SBI Research, Ficci, Reuters poll and ...

Will Use Aadhaar to Hunt for Benami Properties, Ready to Pay Political Price, Says PM Narendra Modi at HT ...

Will Use Aadhaar to Hunt for Benami Properties, Ready to Pay Political Price, Says PM Narendra Modi at HT ...

After demonetisation, the behavioural change that has come in India…. you can feel it for yourself and black money that was (earlier) part of a parallel economy has become part of formal economy,” he declared, adding that for the first time after ...

There is no dearth of laws to tackle the problem of black money. But will India ever enforce them?

There is no dearth of laws to tackle the problem of black money. But will India ever enforce them?

In order to counter this criticism, the government introduced the Benami Transactions (Prohibition) Bill in the Lok Sabha the same day, within hours of its approval by the Cabinet. This bill, which targets domestic holders of black money, has been ...

Rs 15 crore bank deposits made post demonetisation declared benami

Rs 15 crore bank deposits made post demonetisation declared benami

Cash deposits of Rs 15.93 crore made in a Delhi bank post demonetisation have been held as 'benami' property by a special court even as the depositor and the beneficial owner of the stash are “untraceable”. The deposits were declared 'benami' in the ...and more »

Black money, benami property crackdown: Centre turns to tech to catch tax evaders

Black money, benami property crackdown: Centre turns to tech to catch tax evaders

Going a step ahead, the department will also have access to satellite images from the Indian Space Research Organisation (ISRO) of pieces of land for a specific period of time, so it will be able to identify those owning and maintaining benami ...

Benami Property Black Money Crackdown: On asset above Rs 30 ...

Benami Property Black Money Crackdown: On asset above Rs 30 ...

The government is now gunning for Benami property in all earnest, and this even includes homes in the lower-budget categories.and more »

Govt to target benami deals via mandatory Aadhaar linkage with ...

Govt to target benami deals via mandatory Aadhaar linkage with ...

After demonetisation, RERA and GST, the government is firming up plans to make mandatory linking Aadhaar to property transactions. "Absolutely, that's the way it's heading anyways. I have no doubt that it will happen," Union Housing and Urban ...

IT department issues notice to 20 people | Kochi News

IT department issues notice to 20 people | Kochi News

The Benami Prohibition Unit (BPU) under Income Tax (IT) office in Kochi has initiated steps to attach 'benami properties' worth crores of rupees. The BPU has served notices to 20 people in September this year asking to appear before the IT cell and ...and more »