https://www.taxtmi.com/acts?id=6621 Prohibits entry into any benami transaction and makes a person who does so liable to imprisonment up to three years, or fine, or both. For benami transactions entered into on or after the commencement of the 2016 amendment, punishment is governed by the special penal scheme in Chapter VII, overriding the earlier general punishment provision. The provision also reflects the omission of earlier exclusions and procedural treatment, indicating a stricter framework against benami dealings. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 20 Jun 2026 10:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6621 Prohibits entry into any benami transaction and makes a person who does so liable to imprisonment up to three years, or fine, or both. For benami transactions entered into on or after the commencement of the 2016 amendment, punishment is governed by the special penal scheme in Chapter VII, overriding the earlier general punishment provision. The provision also reflects the omission of earlier exclusions and procedural treatment, indicating a stricter framework against benami dealings. Act-Rules Benami Property Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6621