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Benami Transactions (Prohibition) Amendment Act, 2016: Strengthens law against benami deals, tax evasion; introduces penalties, confiscation, and enforcement.

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....The Benami Transactions (Prohibition) Amendment Act, 2016, enhances the legal framework against benami transactions and tax evasion in India. It introduces stringent penalties, provisions for the confiscation of benami properties, and stronger enforcement mechanisms to deter such activities.....

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