What is a benami property?
A ‘benami’ property is one that is purchased in the name of a person, who is not the real beneficiary. The person, in whose name the property is purchased, is known as a ‘benamidar’. … READ FULL STORY
Legal
Tag: Benamidar
Legal
Plea to link property with Aadhaar: HC seeks UIDAI’s response
The Delhi High Court, on October 15, 2019, sought the response of the Unique Identification Authority of India (UIDAI), on a plea seeking linking of movable and immovable property documents of citizens with their … READ FULL STORY
Current News
Benami property charges against Shah Rukh Khan over Alibaug farmhouse dropped
The Adjudicating Authority (AA) has slammed the Income-Tax Department, for issuing an attachment order in February 2018, against actor Shah Rukh Khan and a company in which he, his wife Gauri Khan and in-laws … READ FULL STORY
Legal
Taxes and penalties on benami properties
In order to eliminate the twin menace of corruption and black money, the ‘Benami Transactions (Prohibition) Act’ was passed in 1988. However, the same was never implemented as the requisite rules and regulations were … READ FULL STORY
Current News
I-T slaps Benami assets law against Lalu Prasad Yadav and family
The Income Tax (I-T) Department has charged six family members of Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav, under the new and stringent anti-benami assets Act, and also served notices of attachment of … READ FULL STORY
Current News
Income Tax department issues 87 notices, attaches 42 assets worth crores under Benami Act
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
