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of <h1>Authorities Must Transmit Benami Property Statements Electronically Within 15 Days Under Rule 4, 2016 Regulations</h1> Under Rule 4 of the Prohibition of Benami Property Transactions Rules, 2016, the designated income-tax authority or any other prescribed authority must electronically transmit a copy of the statement received under section 285BA(1) of the Income-tax Act, 1961, to the Initiating Officer or an authorized agency. This transmission must occur within fifteen days from the end of the month in which the statement is received, ensuring timely communication for the enforcement of regulations regarding benami property transactions.
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