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 Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understanding Benami Transactions: Concealed Ownership and Proxy Holders Under the Prohibition of Benami Property Transactions Act, 1988.</h1> The Prohibition of Benami Property Transactions Act, 1988 defines 'property' as any asset, tangible or intangible, including rights, interests, or legal documents evidencing title. This encompasses real estate, shares, vehicles, and deposits. 'Benami Property' refers to assets involved in Benami transactions or their proceeds, where the property is held in another's name (Benamidar) who neither paid for nor enjoys it. The true owner, or Beneficial Owner, uses the Benamidar as a proxy to conceal ownership. The Benami transaction involves the Beneficial Owner purchasing property in the Benamidar's name for personal benefit.
TaxTMI 
TaxTMI 
