Category Archives: Benami Property

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 »