Benami Property Law
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Charges Dropped Against Shah Rukh Khan In Alibaug Farmhouse Benami Case
Actor Shah Rukh Khan has been dismissed of the charge of being a beneficiary of a benami property in the scenic beach town of Alibaug in Maharashtra as an appellate Authority under the law has "revoked" the attachment order of the I-T Department, calling it baseless and coloured.
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Benami Attachments Worth Crores May Fall Flat As No Authority For 1.5 Years
Over 780 benami asset attachments worth crores of rupees run the risk of being invalidated in the near future as the government has failed to create a designated adjudicating authority for over a year-and-a-half since the stringent law was enforced to deal with black money and corruption.
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Lalu Yadav's Family Charged With Owning Benami Property Like Patna Mall
The Income Tax Department has charged six members of Lalu Yadav's family, including his wife Rabri Devi, daughter Misa Bharti and son Tejashwi Yadav, with owning benami property under a tough law that attracts seven years in prison and a hefty fine for those found guilty. Tejashwi Yadav is Bihar's Deputy Chief Minister, while Rabri Devi is a former...
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Tax Officials Unearth 400 Benami Deals, Seize Property Worth Rs 600-Crore
Scaling up the operation against black money and corruption, benami, or proxy-owned property worth Rs 600 crores has been seized by the Income Tax department over the last six months under a refurbished law that lets the government takeover properties bought in fake names. In all, the tax authorities have detected over 400 benami transactions in 24...
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Notices Issued In Cases Of Rs 200-Crore Benami Property
Though the Benami Transaction (Prohibition) Act, 1988 has been on the statue book for more than 28 years, the same could not be made operational because of certain inherent defects.
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Ensure Anti-'Benami' Property Laws Don't Hit Common Man: Shiv Sena To PM Modi
Shiv Sena today asked Prime Minister Narendra Modi to ensure that the proposed law against 'benami' properties would not hit the common man as hard as the demonetisation measure that has "harried the middle class".
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Double Benefit From PM Modi's Crackdown On 'Nameless' Properties, Say Experts
The practice of buying a property in the name of someone other than the buyer has been widely misused to buy real estate with undeclared income and with fake names and identities to avoid paying tax.
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Government To Bolster Institutions For Effective Benami Law: Report
A top Finance Ministry official said the government will do everything to strengthen the institutions required for effective operationalisation of the law.
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After Notes Ban, New Law Against 'Benami' Properties Soon, Says PM Narendra Modi
In his last 'Mann Ki Baat' address this year, Prime Minister Narendra Modi said his government will soon bring in a strong law to effectively deal with 'benami' or proxy-owned properties. "This is just the beginning of our fight," he said, asserting that there is no going back on the fight against corruption and black money after the notes ban.
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Law Against 'Benami' Properties To Be Operationalised Soon: PM Modi
Prime Minister Narendra Modi on Sundaysaid the government will soon operationalise a strong law to effectively deal with 'benami' properties and this was just the beginning.
-
After Notes Ban, PM Narendra Modi Promises Law Against Benami Property Soon
Vowing to carry forward the war against corruption and black money post-demonetisation, Prime Minister Narendra Modi today said the government will soon operationalise a strong law to effectively deal with 'benami' properties and this was just the beginning.
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Withdrawal From Jan Dhan Accounts Capped At Rs 10,000 Per Month
The government suspects that black money hoarders are using the farmers and other people's Jan Dhan accounts to deposit their ill-gotten money.
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Benami Property Act To Be Effective From November 1
The new law to prohibit benami transactions, which also provides for up to 7 years imprisonment and fine for those indulging in such activities, will come into effect from November 1.
-
Rigorous Imprisonment Of Up To 7 Years For Benami Transactions
People keeping 'benami' properties to evade taxes will get up to seven years rigorous imprisonment and fine, as per a new law aimed at checking black money in real estate sector.
-
Charges Dropped Against Shah Rukh Khan In Alibaug Farmhouse Benami Case
Actor Shah Rukh Khan has been dismissed of the charge of being a beneficiary of a benami property in the scenic beach town of Alibaug in Maharashtra as an appellate Authority under the law has "revoked" the attachment order of the I-T Department, calling it baseless and coloured.
-
Benami Attachments Worth Crores May Fall Flat As No Authority For 1.5 Years
Over 780 benami asset attachments worth crores of rupees run the risk of being invalidated in the near future as the government has failed to create a designated adjudicating authority for over a year-and-a-half since the stringent law was enforced to deal with black money and corruption.
-
Lalu Yadav's Family Charged With Owning Benami Property Like Patna Mall
The Income Tax Department has charged six members of Lalu Yadav's family, including his wife Rabri Devi, daughter Misa Bharti and son Tejashwi Yadav, with owning benami property under a tough law that attracts seven years in prison and a hefty fine for those found guilty. Tejashwi Yadav is Bihar's Deputy Chief Minister, while Rabri Devi is a former...
-
Tax Officials Unearth 400 Benami Deals, Seize Property Worth Rs 600-Crore
Scaling up the operation against black money and corruption, benami, or proxy-owned property worth Rs 600 crores has been seized by the Income Tax department over the last six months under a refurbished law that lets the government takeover properties bought in fake names. In all, the tax authorities have detected over 400 benami transactions in 24...
-
Notices Issued In Cases Of Rs 200-Crore Benami Property
Though the Benami Transaction (Prohibition) Act, 1988 has been on the statue book for more than 28 years, the same could not be made operational because of certain inherent defects.
-
Ensure Anti-'Benami' Property Laws Don't Hit Common Man: Shiv Sena To PM Modi
Shiv Sena today asked Prime Minister Narendra Modi to ensure that the proposed law against 'benami' properties would not hit the common man as hard as the demonetisation measure that has "harried the middle class".
-
Double Benefit From PM Modi's Crackdown On 'Nameless' Properties, Say Experts
The practice of buying a property in the name of someone other than the buyer has been widely misused to buy real estate with undeclared income and with fake names and identities to avoid paying tax.
-
Government To Bolster Institutions For Effective Benami Law: Report
A top Finance Ministry official said the government will do everything to strengthen the institutions required for effective operationalisation of the law.
-
After Notes Ban, New Law Against 'Benami' Properties Soon, Says PM Narendra Modi
In his last 'Mann Ki Baat' address this year, Prime Minister Narendra Modi said his government will soon bring in a strong law to effectively deal with 'benami' or proxy-owned properties. "This is just the beginning of our fight," he said, asserting that there is no going back on the fight against corruption and black money after the notes ban.
-
Law Against 'Benami' Properties To Be Operationalised Soon: PM Modi
Prime Minister Narendra Modi on Sundaysaid the government will soon operationalise a strong law to effectively deal with 'benami' properties and this was just the beginning.
-
After Notes Ban, PM Narendra Modi Promises Law Against Benami Property Soon
Vowing to carry forward the war against corruption and black money post-demonetisation, Prime Minister Narendra Modi today said the government will soon operationalise a strong law to effectively deal with 'benami' properties and this was just the beginning.
-
Withdrawal From Jan Dhan Accounts Capped At Rs 10,000 Per Month
The government suspects that black money hoarders are using the farmers and other people's Jan Dhan accounts to deposit their ill-gotten money.
-
Benami Property Act To Be Effective From November 1
The new law to prohibit benami transactions, which also provides for up to 7 years imprisonment and fine for those indulging in such activities, will come into effect from November 1.
-
Rigorous Imprisonment Of Up To 7 Years For Benami Transactions
People keeping 'benami' properties to evade taxes will get up to seven years rigorous imprisonment and fine, as per a new law aimed at checking black money in real estate sector.
