Benami News

Government to step up pressure on benami properties

Government to step up pressure on benami properties

... cent of fair market value of the property.The government is keen to implement the new Benami Act in an effective manner with visible outcomes on the ground. For this purpose, 24 dedicated benami prohibition units (BPUs) have been set up all over India.

Rat on your neighbour's benami property and win Rs 1 crore

Rat on your neighbour's benami property and win Rs 1 crore

The Centre is planning to give out cash rewards to the tune of Rs 1 crore to secret informers who provide information to investigative agencies about benami properties. The initiative is likely to be announced by next month. In simple terms, if you rat ...

Will new benami law be given retrospective effect: High Court to Income Tax department

Will new benami law be given retrospective effect: High Court to Income Tax department

Justice Vibhu Bakhru said if the newly amended benami law was being interpreted by the tax department in such a manner as to give it retrospective effect from 1988, when the legislation was first enacted, then it would lead to reopening of 20-30 year ...and more »

Ensure Your Assets Don't Fall under the Benami Act

Ensure Your Assets Don't Fall under the Benami Act

Rape and child marriage laws of India disagree on age of consent. Section 375 of the Indian Panel says sex with a girl less than 18 is rape but it makes an exception allowing sex with wife who is 15 or above, saying it is not rape even if it is without ...

Sushil Modi makes fresh 'benami' property charges against Lalu Yadav

Sushil Modi makes fresh 'benami' property charges against Lalu Yadav

Bihar Deputy Chief Minister Sushil Kumar Modi on Tuesday levelled fresh charges against RJD supremo Lalu Prasad of amassing 'benami' properties, alleging that his family received a valuable piece of land in Patna from a man who apparently did not have ...and more »

Beware of the Benami Act

Beware of the Benami Act

In simple terms, a financial asset may be benami if the person who makes the investment does not have his/her own name on the asset, at least as a joint-holder, for varying reasons including hiding of unaccounted money, evading taxes in India or a ...

View: Narendra Modi can revive his mojo using demonetisation dividend

View: Narendra Modi can revive his mojo using demonetisation dividend

This was before former finance minister Yashwant Sinha's rant and the horrific stampede in Mumbai that killed 23 people and shone a harsh spotlight on the dilapidated nature of India's railway system. Mr Sinha's rant may not sway lower middle class and ...

Mumbai: Benami properties under radar, ED to interlink all cases against D-Gang

Mumbai: Benami properties under radar, ED to interlink all cases against D-Gang

"Our major focus is the benami properties of Dawood and his relatives in Mumbai and across India that developed through extortion money. We will examine all these properties and its source of income. If found illegal, then these properties would get ...

You could get Rs. 1cr for revealing benami properties

You could get Rs. 1cr for revealing benami properties

Starting October-November, you could get a reward of up to Rs. 1cr for informing authorities about benami properties. Sources in the CBDT say they have already cleared the proposal and sent it to the Finance Ministry for approval. The identity of the ...

Govt 'proactive' in dealing with GST, benami property: Jaitley

Govt 'proactive' in dealing with GST, benami property: Jaitley

"India's confidence as a nation has increased tremendously in the last few years. So far, we have been able to contain the impact of inflation post GST. There has been a positive move towards digitization, and remonetisation has been substantially ...