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Total 34 results found. Search for [ Benami Property Act ]

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New Delhi, June 1, 2018
In an effort to unearth black money and reduce tax evasion, the Prime Minister Narendra Modi-led government is planning a major crackdown on owners  of Benami properties.

June 1, 2018
New Delhi, January 31, 2018
A survey of KPMG India, where 300 senior finance professionals were polled, has shown that most respondents think tax environment has improved over last fiscal.
New Delhi, January 31, 2018
The Mumbai Income Tax Department has provisionally attached Bollywood actor Shah Rukh Khan's luxurious farmhouse, Deja vu Farms, in Alibag area and has issued a show-cause notice to the Bollywood superstar for allegedly committing a criminal offense by acquiring around 19,000 sq m land for agricultural purpose but instead constructing a farmhouse.

Neeraj Bansal
New Delhi, January 24, 2018
Extending industry status to the entire sector can help developers raise funds at lower rates and, in turn, reduce their project costs which will help in pushing demand.

Mail Today Bureau
January 12, 2018
The I-T department had set up 24 dedicated Benami Prohibition Units under its Investigation Directorates all over India in May, 2017 to ensure swift action in respect of benami properties.
New Delhi, January 11, 2018
The income tax department has so far attached properties worth more than Rs 3,500 crore including immovable properties of more than Rs 2,900 crore under the Prohibition of Benami Property Transactions Act, the department said in a press statement issued on Thursday.

New Delhi, November 26, 2017
Cash deposits of Rs 15.39 crore made in a Delhi bank post demonetisation have been held as 'benami' property by a special court even as the depositor and the beneficial owner of the stash are \"untraceable\".

BT Online
November 22, 2017
A whopping 60 per cent of the black money in the country is pumped into immovable assets in the form of both residential and commercial properties, according to news reports.

BT Online
New Delhi, November 15, 2017
In its fight against black money, the Income Tax Department is matching the tax history of people with property registrations valued above Rs 30 lakh under the provisions of the anti-benami Act.

Mail Today Bureau
November 15, 2017
CBDT chairman Sushil Chandra said the I-T Department has attached 621 properties, including some bank accounts, and the total amount involved in these cases, being probed under the Benami Transactions Act, is about Rs 1,800 crore.

BT Online
New Delhi, November 14, 2017
The taxman is also investigating those shell companies and their directors whose operations were recently \"debarred\" by the government as part of the drive to check black money generation through their abuse.

BT Online
New Delhi, November 7, 2017
He penned down his thoughts, backed by numbers and data on a lengthy Facebook note.

Mail Today Bureau
June 19, 2017
Aspirants were also asked questions related to the National Skills Qualification Framework (NSQF), 'Vidyanjali Yojana' and 'Smart India Hackathon', all of which are the NDA government's initiatives.

New Delhi, May 24, 2017
The department started initiating actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 from November 1 last year. The law provides for a maximum punishment of seven years in jail and a fine.

BT Online
New Delhi, March 24, 2017
PMGKY is an amnesty scheme under which one can disclose unaccounted cash and deposits, and avoid punishment by paying 50 per cent of the disclosed amount as tax, and depositing 25 per cent in an interest-free scheme for four years.

BT Online
New Delhi, March 3, 2017
After the crackdown on the black money hoarders with demonetization last year, the Government is now planning to bring the hammer down on the Benami Act violators.

New Delhi, January 31, 2017
Initiating a stringent action against black money holders post notes ban, the Income Tax department on Monday said it has issued 87 notices and attached bank deposits worth crores in 42 cases nationwide under the newly enforced Benami Transactions Act.

Mukesh Butani
New Delhi, January 24, 2017
The other key developments in 2016 include passage of Constitutional Amendment Bill for GST, dedicated action to deal with the menace of black money [Income Declaration Scheme, 2016 (IDS), amendment to Benami Property Transactions Act, etc.] and concentrated efforts to improve the tax administration.

Teena Jain Kaushal
New Delhi, January 5, 2017
The sector is also expected to benefit from the government's recent reforms initiatives, including demonetisation, Real Estate (Regulation and Development) Act, 2016, Goods and Services Tax (GST) and Benami Property Act.

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