Proxy-owned Properties

The Income Tax department has seized a Rs 300-crore Delhi Bungalow under the anti-Benami law in its probe against Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath. The tax department also seized Foreign Direct Investments worth $40 million.

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...

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.

Prime Minister Narendra Modi today told his party that there will be no let-up in his mission to nail tax evaders : with high-denomination notes cancelled, he said his next crackdown will be on benami or proxy-owned property. When he outlawed 500- and 1,000-rupee notes at a few hours notice last month, PM Modi made it clear that he would try to cl...

Congress president Sonia Gandhi's open defence of her son-in-law Robert Vadra following allegations of buying benami or proxy-owned property in London was a clear message to the Congress workers that "family is more important than the party", said an editorial in 'The Organizer', a magazine linked to the Rashtriya Swayamsevak Sangh or the RSS.

The Income Tax department has seized a Rs 300-crore Delhi Bungalow under the anti-Benami law in its probe against Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath. The tax department also seized Foreign Direct Investments worth $40 million.

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...

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.

Prime Minister Narendra Modi today told his party that there will be no let-up in his mission to nail tax evaders : with high-denomination notes cancelled, he said his next crackdown will be on benami or proxy-owned property. When he outlawed 500- and 1,000-rupee notes at a few hours notice last month, PM Modi made it clear that he would try to cl...

Congress president Sonia Gandhi's open defence of her son-in-law Robert Vadra following allegations of buying benami or proxy-owned property in London was a clear message to the Congress workers that "family is more important than the party", said an editorial in 'The Organizer', a magazine linked to the Rashtriya Swayamsevak Sangh or the RSS.