Income Tax Dept steps-up actions under Prohibition of Benami Property Act

By Accommodation Times Bureau NEW DELHI Due to intensive efforts were undertaken by the Income Tax Department, the provisional attachment has been made in more than 900 cases of properties under the Prohibition of Benami Property Transactions Act (the ‘Benami Act’), which came into force w.e.f 1st November, 2016. These attachments include

Salient features of Benami transaction Act, 2016

benami-act

The Benami Transaction (Prohibition) Amendment Act received the assent of President on the 10th August, 2016. The act defines "Benami property" as any property “which is the subject matter of a Benami transaction and also includes the proceeds from such property.” Here "Benami transaction" means, “(a) A transaction or an arrangement, where

Cabinet approves The Benami Transaction Bill in Monsoon Session

By Accommodation Times News Service The amendment removes conflict between provisions of the IDS that provided immunity from Benami Act condition to transfer of property to actual beneficial owner. The Union Cabinet yesterday approved the Benami Transactions (Prohibition) Amendment Bill 2015 in the ongoing monsoon session of Parliament.  The Bill marks the

Monsoon Session may see Benami Transactions Amendment bill passes out

By Accommodation Times News Service Benami Transactions (Prohibition) Amendment Bill is likely to be passed in the monsoon session of the Parliament, a top government official said today. "It was referred to the Finance Standing Committee of Parliament and report has been received and in the monsoon session of Parliament it is

Budget 2019: Rs 6,900 Cr Benami assets & Rs 1600 Cr foreign assets attached

By Accommodation Times NEW DELHI: The anti-black money measures taken by the Government during the last four and half years in the form of Black Money Law, the Fugitive Criminal Offenders Act, and Demonetisation, have brought an undisclosed income of about Rs 1,30,000 crore to tax. These measures have also led to

Masterclass: Solve your query regarding property transaction on Dec 21

Accommodation Times to host XXV knowledge series on December 21, at All India Institute of Local Self-Government, Hall No. 203, 2nd floor, Sthanikraj Bhavan, C.D. Barfiwala Marg, Juhu Gali, Andheri West, Mumbai 400058. The “Legal Aspect of Property Transactions” seminar is divided into five topics: GST RERA Documentation Due Diligence Compliances Registration Compulsory: (Click here) The

December 21: Insightful seminar on Legal Aspect of Property Transactions

Accommodation Times to host XXV knowledge series on December 21, at All India Institute of Local Self-Government, Hall No. 203, 2nd floor, Sthanikraj Bhavan, C.D. Barfiwala Marg, Juhu Gali, Andheri West, Mumbai 400058 The “Legal Aspect of Property Transactions” seminar is divided into five topics: GST RERA Documentation Due Diligence Compliances The topics will