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Benami Transactions Amendment Bill

Benami Law: What is the Benami Transactions (Prohibition) Act, 1988?

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

Benami Law: What is the Benami Transactions (Prohibition) Act, 1988?
Updated On : 25 Aug 2022 | 2:52 PM IST

After SC verdict on Benami law, experts weigh in on the Black Money law

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

After SC verdict on Benami law, experts weigh in on the Black Money law
Updated On : 25 Aug 2022 | 11:33 AM IST

What is 1988 Benami Property Act and Benami Transaction Amendment Act 2016

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

What is 1988 Benami Property Act and Benami Transaction Amendment Act 2016
Updated On : 24 Aug 2022 | 4:45 PM IST

Top Headlines: India's nuclear power push gains traction; Adani-NDTV deal

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

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Updated On : 24 Aug 2022 | 7:40 AM IST

Supreme Court rules that benami law cannot be applied retrospectively

Says section 3 of the 2016 amendment Act is unconstitutional

Supreme Court rules that benami law cannot be applied retrospectively
Updated On : 24 Aug 2022 | 2:20 AM IST

Can PMLA really be the go-to legislation to probe financial crimes?

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

Can PMLA really be the go-to legislation to probe financial crimes?
Updated On : 03 Aug 2022 | 6:27 PM IST

Curb on benami transactions: What it means for you

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

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Updated On : 28 Jul 2016 | 12:58 PM IST

12 things to know about the Benami Bill

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:

12 things to know about the Benami Bill
Updated On : 28 Jul 2016 | 12:54 PM IST

LS okays changes to benami property law

Transfer through power of attorney, religious trusts and IDS exempted

LS okays changes to benami property law
Updated On : 28 Jul 2016 | 1:43 AM IST

'The Bill may create unrest as land ownership is highly unregulated'

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

'The Bill may create unrest as land ownership is highly unregulated'
Updated On : 24 Jul 2016 | 10:32 PM IST