Category Archives: Benami Property

Law Relating to Benami Properties Book Revised August 2017 Taxmann

By | August 23, 2017

Law Relating to Benami Properties by Taxmann  August 2017 (Revised & Reprint) 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 in the name of his parents/grand- parents/grand-child – Whether… Read More »

Authority under Prohibition of Benami Property Transactions Act 1988 Notified

By | May 25, 2017

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

By | May 25, 2017

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

By | April 15, 2017

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 »

140 Show Cause Notices Issue under Benami Law – Rs 200 Crore Property Value

By | March 24, 2017

Benami Transactions (Prohibition) Amended Act, 2016 Though the Benami Transactions (Prohibition) Act, 1988 has been on the statute book since more than 28 years, the same could not be made operational because of certain inherent defects. With a view to providing effective regime for prohibition of benami transactions, the said Act was amended through the… Read More »

New Law Relating to Benami Properties – 2017 Edition -Law Publishers

By | March 21, 2017

Law Publishers New Law Relating to Benami Properties [2017 HB Edition]Hardcover – 2017 Price Rs 750. Click to buy Online Hardcover: 392 pages Publisher: Law Publishers; 2017 edition (2017)   Related Books on Benami Property Subject Books Benami Property Law and Practice of Prohibition of Benami Property – 2017 Book – by PAV Law Offices… Read More »

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

By | March 21, 2017

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

By | March 3, 2017

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 -Income tax authorities issued 87 notices , attached 42 properties

By | January 31, 2017

Income tax authorities have begun a multi-city crackdown against black money under the new stringent Benami law, having attached 42 properties worth crores of rupees and issued 87 notices over the last couple of days. The I-T department has also sent notices to the famous Bhajiawala from Surat who was recently raided by the tax… Read More »

Benami Property Explained via Video Tutorial

By | January 5, 2017

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

By | October 29, 2016

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

By | October 28, 2016

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

By | October 26, 2016

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

By | October 26, 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

By | October 26, 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

By | August 12, 2016

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

By | July 31, 2016

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 »