Benamidar means the nominal holder of property whose beneficial ownership rests with another, affecting income-tax characterisation. Benamidar denotes the nominal or fictitious person in whose name property is transferred or held, expressly including a person who lends his name, and ... Summary
Benamidar means the nominal holder of property whose beneficial ownership rests with another, affecting income-tax characterisation.
Benamidar denotes the nominal or fictitious person in whose name property is transferred or held, expressly including a person who lends his name, and functions as an alias for the actual owner - the Beneficial Owner, a distinction central to income-tax characterisation and the application of benami-related provisions.
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