TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Benami Transactions Act Exemption for Undisclosed Income under Finance Act 2016 if Asset Transferred to Declarant or Legal Heir</h1> Section 190 of the Finance Act, 2016, under the Income Declaration Scheme, 2016, specifies that the Benami Transactions (Prohibition) Act, 1988, does not apply to undisclosed income declared as an investment in any asset. This exemption is valid if the asset, held in the name of a benamidar, is transferred to the declarant or their legal representative, who provided the consideration for the asset, within a period specified by the Central Government.
TaxTMI 
TaxTMI 
