Benami News

Blockchain technology use to bring down cases of benami transactions

Blockchain technology use to bring down cases of benami transactions

Addressing the nation on the occasion of India's 71st Independence Day, Prime Minister Narendra Modi informed the nation that the government has seized benami properties worth Rs 800 crore till date. A transaction is termed 'benami' if property is held ...

Benami properties worth Rs 800 crore seized till date: PM Modi

Benami properties worth Rs 800 crore seized till date: PM Modi

Addressing the nation on the occasion of India's 71st Independence Day on Tuesday, Prime Minister Narendra Modi informed the nation that the government has seized benami properties worth Rs 800 crore till date. The demonetisation drive announced by ...

Tejashwi Yadav, Misa Bharti likely to face criminal proceedings in ...

Tejashwi Yadav, Misa Bharti likely to face criminal proceedings in ...

Income Tax department to go ahead with criminal proceedings against Tejashwi Yadav and Misa Bharti in benami properties case.

Income Tax dept to file criminal prosecution against Lalu Prasad's family

Income Tax dept to file criminal prosecution against Lalu Prasad's family

The department is investigating how shell companies were used by Lalu Prasad and his family to buy expensive properties in Delhi and Patna in a benami (proxy) property case. The tax officials said the criminal complaint would be filed in a Delhi court ...

Need examples to deter benami deals, says Arun Jaitley

Need examples to deter benami deals, says Arun Jaitley

NEW DELHI: Finance Minister Arun Jaitley on Monday said example needs to be set to create a deterrent against use of anonymous people to hide ill-gotten wealth, amid some politicians and their family members coming under the scanner for alleged ...

Benami properties worth over Rs 800 crore attached: Centre

Benami properties worth over Rs 800 crore attached: Centre

"More than 400 benami (proxy) transactions have been identified since the amended law came into effect. Provisional attachment of properties under the Act has been done in more than 230 cases," Minister of State for Finance Santosh Kumar Gangwar said ...and more »

Govt moves to check benami, Aadhaar to be made must for property deals

Govt moves to check benami, Aadhaar to be made must for property deals

In a move meant to curb benami transactions and the use of black money in real estate deals, the government is planning to make Aadhaar-based authentication mandatory at the time of registration of documents such as agreement for sale, power of ...

India @70: Need to create New India by 2022

India @70: Need to create New India by 2022

On benami properties, Modi said that his Government had taken the initiative of implementing the benami prohibition law and till date over Rs. 800 crore of benami properties have been taken over by the State. Modi also had special mention about the ...

India: Benami Property Liable To Confiscation Under New Law

India: Benami Property Liable To Confiscation Under New Law

The Benami Transactions (Prohibition) Act, 1988 was enacted and has been a part of law for the last of 28 years. It was enacted to deal with black money in the country. However, it never came into force for some unknown reasons. The Government ...

This is how IT department is using data analytics to catch tax evaders

This is how IT department is using data analytics to catch tax evaders

Deploying big data analytics to track benami deals makes eminent sense. Unclear titles also enable money laundering through real estate deals. The need is to ensure guaranteed ownership to property holders and for this India should adopt the Torrens ...and more »