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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Benami Property Act: Confiscation, Penalties, and Enforcement by Income Tax Department Under 2016 Amendment</h1> The Prohibition of Benami Property Transactions Act, 1988, amended by the Benami Transactions (Prohibition) Amendment Act, 2016, is enforced by the Income Tax Department. Effective from November 1, 2016, the Act allows for the confiscation of benami properties and imposes penalties including imprisonment and fines. It defines benami transactions and outlines the roles of various officers in identifying and acting against such properties. The Central Board of Direct Taxes (CBDT) has issued notifications regarding the authorities responsible for enforcing the Act, and officers are advised to familiarize themselves with these provisions for prompt action.
TaxTMI 
TaxTMI 
