https://www.taxtmi.com/acts?id=22775 Entering into a benami transaction to defeat law, avoid statutory dues, or evade creditors is an offence. Liability extends to the beneficial owner, benamidar, and any person who abets or induces the transaction. A person found guilty is punishable with rigorous imprisonment for not less than one year and up to seven years, and may also be liable to a fine up to twenty-five per cent of the fair market value of the property involved. en-us Sun, 16 Oct 2016 17:35:29 +0530 Mon, 22 Jun 2026 13:08:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=22775 Entering into a benami transaction to defeat law, avoid statutory dues, or evade creditors is an offence. Liability extends to the beneficial owner, benamidar, and any person who abets or induces the transaction. A person found guilty is punishable with rigorous imprisonment for not less than one year and up to seven years, and may also be liable to a fine up to twenty-five per cent of the fair market value of the property involved. Act-Rules Benami Property Sun, 16 Oct 2016 17:35:29 +0530 https://www.taxtmi.com/acts?id=22775