The Income Tax (I-T) Department is matching the tax profiles of all property registrations of above Rs 30 lakhs, under the provisions of the anti-Benami Act, as action against illicit asset holders is set … READ FULL STORY
Official data, updated till October 2017, shows that assets worth Rs 1,833 crores have been attached by the Income Tax (I-T) Department, for which it issued over 517 notices and made 541 attachments. The … READ FULL STORY
The Income Tax Department has identified over 400 benami transactions and attached properties worth Rs 600 crores, in about 240 cases. Keen to implement the new Benami Act to ensure ‘visible outcomes on the ground’, … READ FULL STORY
The Income Tax (I-T) department, has warned that those who undertake Benami transactions would invite rigorous imprisonment (RI) of up to 7 years and such violators would also stand to be charged under the … READ FULL STORY
A total of 235 cases and instances have been registered under the Benami Transactions Act, by the Income Tax (I-T) department till mid-February, according to a report. “Show-cause notices for attachment have been issued … READ FULL STORY
The Income Tax (I-T) department has issued 87 notices under section 24 of the Benami Property Transactions Act, 1988, (which pertains to notice and attachment of property involved in benami transaction). A total of … READ FULL STORY
