Category Archives: Benami Property

Authority under Prohibition of Benami Property Transactions Act 1988 Notified

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 40/2017 New Delhi, the 18th May, 2017 (Income-tax) Authority under the Prohibition of Benami Property Transactions Act, 1988 S.O. 1621(E). – In exercise of the powers conferred under sub-section (2) of section 28 read with section 59 of the Prohibition of Benami Property… Read More »

400 benami transaction identified by Income tax Department

Income Tax Department Steps-up actions under Benami Transactions (Prohibition) Amendment Act, 2016   The Income-tax Department (ITD) has initiated actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 (the Act) w.e.f. 1st November, 2016. The Prohibition of Benami Property Transactions Rules, 2016 have been framed in this regard. As per the Act, Benami property… Read More »

Law Relating to Benami Properties – April 2017 Edition- Taxmann

Law Relating to Benami Properties (April 2017 Edition) Paperback – 2017 by Taxmann (Author) Key contents of Law Relating to Benami Properties What is Benami Transaction Property purchased in the name of spouse or child – Whether benami property Property purchased by individual in brother’s or sister’s name – Whether and when benami Property purchased by individual… Read More »

Law Relating to Benami Transactions – 2017 Edition Book -Namrata Shukla Advocate

Law Relating to Benami Transactions -by Namrata Shukla Advocate (Author) Contents :–Introduction ; Possession and Adverse possession ; Suit for Recovery ; Prohibition of the right to recover Property held Benami ; Sales of Immovable Property ; Transfer by Ostensible Owner ; The Prohibition of Benami Property Transactions Act, 1988 ; Subject Index Price Rs… Read More »

Law and Practice of Prohibition of Benami Property – 2017 Book – by PAV Law Offices

Law and Practice of the Prohibition of Benami Property Transactions Act, 1988 (As Amended by Act No. 43 of 2016) by PAV Law Offices (Author) The book is a very useful referencer and a guide for a person who may be a property owner, tax payer, tax authority, enforcement officers, professional(s), student(s), research scholar and consumers.… Read More »

Benami Property Explained via Video Tutorial

Benami Property in India Related Post Particulars Reference Date Benami Transactions (Prohibition) Amendment Act, 2016 (BTP Amendment Act). NO. 43 OF 2016 11th August, 2016  Rules and all the provisions of the BTP Amendment Act shall come into force on 1stNovember, 2016 S.O. 3289(E) 25th October, 2016 Prohibition of Benami Property Transactions Rules 2016 G.S.R.… Read More »

Prohibition of Benami Property Transactions Act 1988

Press Information Bureau Government of India Ministry of Finance 28-October-2016 17:30 IST Prohibition of Benami Property Transactions Act, 1988. Benami Property Transactions Act, 1988 has been amended by the Benami Transactions (Prohibition) Amendment Act, 2016 (BTP Amendment Act). The rules and all the provisions of the BTP Amendment Act shall come into force on 1stNovember,… Read More »

Authorities notified under Prohibition of Benami Property Transactions Act

Central Government hereby directs that, with effect from the 1st day of November, 2016, specified Income-tax authorities to exercise specified powers and perform the functions of ‘Authority’ under Prohibition of Benami Property Transactions Act, 1988. MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 100/2016 New Delhi, the 25th October, 2016… Read More »

Adjudicating Authority for Prohibition of Benami Property Transactions Act 1988

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th October, 2016. S.O. 3288(E).—In exercise of powers conferred under section 71 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988), the Central Government hereby notifies that, with effect from the 1st day of November, 2016, the… Read More »

Prohibition of Benami Property Transactions Rules 2016

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 25th October, 2016 G.S.R. 1004(E).—In exercise of the powers conferred by section 68 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement.— (1) These rules may be called… Read More »

Benami Transaction Amendment Act effective from 01 Nov 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th October, 2016 S.O. 3289(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Benami Transaction (Prohibition) Amendment Act, 2016 (43 of 2016), the Central Government hereby appoints the 1 st day of November, 2016 as… Read More »

Benami Transactions (Prohibition) Amendment Act 2016 Notified

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 11th August, 2016/Shravana 20, 1938 (Saka) The following Act of Parliament received the assent of the President on the 10th August, 2016, and is hereby published for general information:— THE BENAMI TRANSACTIONS (PROHIBITION) AMENDMENT ACT, 2016 NO. 43 OF 2016 [10th August, 2016.] An Act… Read More »

Benami Transaction (Prohibition) Bill 2016 :- Key Takeaways

The Benami Transaction (Prohibition) Amendment Bill 2016 passed by Lok Sabha on 27.07.2016 Key takeaways from The Benami Transaction (Prohibition) Amendment Bill 2016 are as follows: Objective of The Benami Transaction (Prohibition) Amendment Bill 2016  :- The Benami Transaction (Prohibition) Amendment Bill 2016 passed by Lok Sabha, empowers the Government to confiscate Benami properties held in… Read More »