Friday, Dec 02, 2022

benami law


SC strikes down provision of jail term in 1988 benami law

August 24, 2022 5:15 am

Apex court says provisions of the 2016 amendment to the 1988 Act can only be applied prospectively

V K Sasikala's property near Chennai attached under Benami law by taxmen

September 09, 2021 10:17 am

The 3-acre and 52 cents property at Payyanoor village, purchased in 1994 was attached under Section 24 (3) of the Act, which outlines the procedure.

Need examples to deter benami deals, says Arun Jaitley

July 24, 2017 9:55 pm

On the anti-evasion measures taken by the government, Arun Jaitley said linking of taxpayer's permanent account number (PAN) with biometric identifier Aadhaar is aimed at preventing tax evasion using multiple PANs. Also, a watch is being kept on the nature of expenditure and if it is compliant with declared income of assessee.

In a first, Income Tax department to charge govt official under new benami law

July 11, 2017 9:00 am

This is the first time that tax authorities are taking recourse to laws under the Benami Transactions (Prohibition) Amendment Act, 2016, to charge a serving government official and seize properties. The two SRA properties, sources said, were allegedly acquired by Rasal in 2013.

Black money: Switzerland may change laws, start sharing banking information

May 16, 2015 2:54 am

"We will have a black money discussion (with finance minister Arun Jaitley) to solve and clarify (the issue)," said Swiss economic affairs minister.

Explained: Targeting illegal wealth through new Benami law

May 15, 2015 2:29 am

A Benami Transactions (Prohibition) Act was passed in 1988 to put an end to such transactions, and to empower the government to recover such property.

'Benami' property in spouse's name OK'd

July 21, 2011 5:57 pm

Properties purchased in the name of spouse/siblings is likely to be allowed by government.