Benami Transactions Amendment Bill

Introduced in 1988 and amended in 2016, the Benami Transactions (Prohibition) Act prohibits Benami transactions and gives the government the right to recover Benami property

The Black Money law penalises the concealment of foreign income and imposes criminal liability for attempting to do so

Supreme Court termed 'The Benami Act' unconstitutional. What is the 1988 Benami property act? What is the Benami Transaction Amendment Act 2016? Why is it unconstitutional? Read to know everything

Gautam Adani's group said it will buy a majority stake in New Delhi Television Ltd (NDTV) as it looks to boost media investments as part of an ambitious expansion plan

Says section 3 of the 2016 amendment Act is unconstitutional

Several older legislations like the Black Money Act and the Benami Transactions Act have become subservient to the Prevention of Money Laundering Act now

The amendment bill enhances the government's power to confiscate benami properties and provides for an appellate tribunal

The government had on Wednesday tabled the Benami Transactions (Prohibition) Amendment Bill, 2015 in the Lok Sabha. Parliament has already passed the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015, popularly known as the black money Bill, to nab those stashing unaccounted money abroad. The Benami Bill is aimed at catching those with black money in the domestic economy, hidden through benami properties. Here are a few things you need to know:

Transfer through power of attorney, religious trusts and IDS exempted

The implementation of the 1988 law sought to curb tax evasion and prevent unregulated and illegal use of property