Benami News

IT department attaches 1500 benami properties worth Rs 43 billion

IT department attaches 1500 benami properties worth Rs 43 billion

Over 1,500 'benami' properties worth Rs 43 billion have been attached in the past 18 months by the Income Tax Department. The properties have been attached in wake of the 'benami legislation' that was passed during the same time. According to a ...

Journalist with alleged Benami links to Chidambaram, taken into CBI custody over extortion and corruption charges

Journalist with alleged Benami links to Chidambaram, taken into CBI custody over extortion and corruption charges

Upendra Rai, a journalist with allegedly Benami links to Congress leader P Chidambaram has been taken into CBI custody over charges of corruption and extortion, PTI has reported. As per the report, Rai has been taken into custody in connection with a ...and more »

IT, revenue depts to crack the whip on 'benami' assets

IT, revenue depts to crack the whip on 'benami' assets

The official was here for a seminar on 'The Prohibition of Benami Property Transactions Act 1988'. He said if the Revenue Department came to know about any kind of 'benami' property, they would bring it to the notice of the Income Tax Department and ...

News digest: Benami properties, global funds, motorcycles sales, and more

News digest: Benami properties, global funds, motorcycles sales, and more

According to the Finance Minister, the cost of financing in a rising interest rate environment is an “important challenge”, but multilateral agencies and other funds are eager to invest in India. “Getting finance is not a challenge for India,” Goyal ...

India rises one notch to 35th on JLL global realty transparency index

India rises one notch to 35th on JLL global realty transparency index

The ranking is expected to improve further in the next survey in 2020, on the back of several government initiatives such as Real Estate (Regulation and Development) Act (RERA), GST and Benami Transactions Act, JLL India's CEO and Country Head ...

Delhi BJP demands sacking of Satyendar Jain over corruption charges

Delhi BJP demands sacking of Satyendar Jain over corruption charges

"After the notice (on July 12) by Delhis Lokayukta to minister Satyender Jain in a matter related to Hawala and Benami transactions, Chief Minister Arvind Kejriwal should immediately dismiss Satyendar Jain from the Council of ministers," Delhi BJP ...and more »

IT department flooded with 'tip-offs' on benamis after Rs 1 crore reward announcement

IT department flooded with 'tip-offs' on benamis after Rs 1 crore reward announcement

As per a report by The Times of India, many people have approached the BPU to offer details about benami properties, both in writing and verbally, but have failed to provide meaningful information. Many of these people are just inquisitive about the ...

Benami properties of Rs 43 bn attached; Jaipur and Mumbai top the list

Benami properties of Rs 43 bn attached; Jaipur and Mumbai top the list

The income-tax (I-T) department has attached over 1,500 unaccounted properties worth Rs 43 billion across the country within one and a half years of the introduction of the revised benami legislation. Jaipur and Mumbai top the list, with attachments of ...

IT department gets tough, attaches benami property worth Rs 43 billion

IT department gets tough, attaches benami property worth Rs 43 billion

The bill was introduced in the Lok Sabha on May 13, 2015 to amend the Benami Transactions Act of 1988. While the act provides for preventing and confiscating benami properties, the bill sought to amend the definition of benami transactions, (establish ...

India rises a notch in transparency index

India rises a notch in transparency index

The ranking is expected to improve further in the next survey in 2020, on the back of several government initiatives such as Real Estate (Regulation and Development) Act (RERA), GST and Benami Transactions Act, JLL India's CEO and Country Head ...