https://www.taxtmi.com/acts?id=6620 Defines the principal terms used in the Prohibition of Benami Property Transactions Act, including the adjudicatory and enforcement authorities, the meaning of benami transaction, benami property, benamidar and beneficial owner, and the scope of property, transfer, person, firm, partnership and related expressions. The definition of benami transaction covers property held by one person while consideration is provided by another for that person's benefit, as well as fictitious-name arrangements, denied or unknown ownership, and untraceable or fictitious consideration providers, subject to specified exclusions for family, fiduciary and certain registered part-performance transactions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 20 Jun 2026 11:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6620 Defines the principal terms used in the Prohibition of Benami Property Transactions Act, including the adjudicatory and enforcement authorities, the meaning of benami transaction, benami property, benamidar and beneficial owner, and the scope of property, transfer, person, firm, partnership and related expressions. The definition of benami transaction covers property held by one person while consideration is provided by another for that person's benefit, as well as fictitious-name arrangements, denied or unknown ownership, and untraceable or fictitious consideration providers, subject to specified exclusions for family, fiduciary and certain registered part-performance transactions. Act-Rules Benami Property Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6620