TaxTMI 
TaxTMI 
Benami Transactions Informants Reward Scheme, 2018
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.... up to Rs. One crore for giving specific information of benami property. Identity of the informant shall be kept confidential. (b) As per the Prohibition of Benami Property Transactions Act, 1988, as amended by Benami Transactions (Prohibition) Amendment Act, 2016 (hereinafter referred to as "the Act" for brevity), any property acquired by a person in the name of a benamidar (other than his close family members or in fiduciary capacity), is liable to be attached and subsequently confiscated and all persons involved in such benami transactions are liable to be prosecuted which carries rigorous imprisonment for term up to seven years. Amended provisions of the Act have come into force with effect from 1st November, 2016. Details of the scheme are given below. 2. Short title, commencement and scope of the scheme: The scheme shall be called "Benami Transactions Informants Reward Scheme, 2018" (the scheme) and shall come into effect from the date of issue. The scheme shall regulate grant and payment of reward to informants for giving specific information of benami property. 3. 'Informant' for the purposes of this scheme: For the purpose of this scheme `Informant' means a ....
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....s/notification/notification40_2017.pdf) and a copy of the same is attached with this Scheme as Annexure-B. (ii) Address of jurisdictional JCIT/Addl. CIT (BP) will be available at the offices of all Directors General of Income Tax (Investigation) [hereinafter referred to as `DGIT (Inv)'] and Principal Directors of Income Tax (Investigation) [hereinafter referred to as `PDIT (Inv)' in shorty Directors of Income Tax (Investigation) [hereinafter referred to as `DIT (Inv)' in short]. A list of such offices is attached with this Scheme as Annexure-C. (iii) Such person may contact jurisdictional JCIT/Addl. CIT (BP) for giving specific information. (iv) If the JCIT/Addl. CIT (BP) feels that the person has given specific information of benami property, he will give one set of prescribed form as per Annexure-A to such person who shall fill, sign and submit it to the JCIT/Addl. CIT (BP). (v) If there are more than one benami properties located at different places, the person may give information to any of the JCsIT/Addl. CsIT (BP) having jurisdiction over any of these properties. (vi) Where the person gives information about benami properties to an....
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....en by the informant. (xi) From the time of allotment of Informant Code, the person shall be identified with such Informant Code only and his actual identity shall be known to the JCIT/Addl. CIT (BP) only. (xii) In case of any difficulty, the person desirous of giving specific information of benami property, may contact the PDIT (Inv)/DIT (Inv) of the area. The decision of PDIT (Inv)/DIT (Inv) will be final in the matter of allotment of Informant Code under this scheme. (xiii) It should be noted that furnishing false information/evidence is an offence and a person giving false information/evidence/ statement will be liable to be prosecuted for such offence. 7. When reward may be granted: An informant under the scheme can be granted interim & final reward by the competent authority. (i) Interim reward can be granted on fulfillment of the following conditions: (a) the informant has given specific information of benami property in the prescribed format in Annexure-A and obtained informant code under the scheme; (b) provided assistance required, if any, by the Addl./JCIT (BP) or any other investigating officer to whom the JCIT/Addl. CIT....
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....ami property. (iv) If the informant has claimed reward under this Scheme as well as Income Tax Informants Reward Scheme, 2018, based upon substantially same facts (as was given for claiming reward under this scheme) and if the same is separately found eligible for grant of reward in accordance with this Scheme as well as the Income Tax Informants Reward Scheme, 2018, the total amount of reward under both the schemes taken together shall not exceed the maximum permissible amount under the Income Tax Informants Reward Scheme, 2018, or this Scheme, whichever is higher. In other words, if an informant is found eligible for reward under both the Schemes for information relating to the Act and the Income Tax Act, 1961, the total maximum reward under the two Schemes shall be restricted to Rs. 1 (one) crore as is the limit in this Scheme and if an informant is found eligible for reward under both the Schemes for information relating to the Act and the Black Money (Undisclosed Foreign Income and Assets) Act, 2015, the total maximum reward under the two Schemes shall be restricted to Rs. 5 (five) crore as is the limit in Income Tax Informants Reward Scheme, 2018. 9. Timelines for....
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....ligible to get any reward: No reward under the scheme shall be granted‑ (i) If information is not provided in accordance with the Scheme; or (ii) If terms and conditions of the scheme are not fulfilled, or (iii) Where information given is vague/non-specific and/or of general nature. For example, where informant says vague things like, "I believe X has many bank accounts in the name of his employees" or "X" has purchased many flats in Kolkata, Delhi and Mumbai in his own name and in the name of others", or (iv) Where information given was already available with the Income Tax Department, or (v) Where the information was not received directly from the informant but through any organization other than Income Tax Department. (vi) On any incidental or collateral benefit that may arise to the Government in respect of any other property which is not mentioned in the information furnished by the informant in Annexure-A. In other words, the entitlement of the informant shall be restricted to only the property(ies) mentioned in the Annexure - A under this Scheme and shall not extend to any other property as the Department may find o....
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.... adjudication and arbitration except review as provided below in this Scheme. 19. Review in exceptional situations of grave injustice in case of final reward due to not following provisions of Reward Scheme or factual incorrectness: In case an informant alleges grave injustice in the decision of the competent authority for final reward due to either non-adherence to the Reward Scheme issued by the Board or due to factual incorrectness, he may file a review petition within one month of receipt of the decision, before the DGIT(Inv). In such petition he has to clearly bring out the basis of the alleged grave injustice with specific reference to the provisions of the Reward Scheme which have not been followed by the reward committee or instances of factual incorrectness. No cognizance will be taken of a review petition if it is not mentioned as to which provision of Reward Scheme was not followed or instances of factual incorrectness and if the same is not explained clearly. The DGIT (Inv) shall cause such a petition to be placed before a review committee consisting of (i) the Principal CCIT (CCA) of the region where the reward committee was located, (ii) a CCIT nominated by the Pri....
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....ncl: Annexure - A, B & C Yours Faithfully (Syamal Datta) Director, Investigation - III, CBDT Tele-Fax: 011-23547587 Email: [email protected] ANNEXURE- A FORM OF STATEMENT FOR FURNISHING INFORMATION BY INFORMANT REGARDING BENAMI PROPERTY FOR REWARD AS PER BENAMI TRANSACTION INFORMANTS REWARD SCHEME, 2018 1. Full name of the infoimant(s) (of each informant separately if there are more than one informant) (in capital letters) : 2. Father's name : 3. Date of Birth : 4. Permanent address of the informant(s) : 5. Current address of the Informants) (if different from permanent address) : 6. Contact particulars: (a) Landline Telephone No : (b) Mobile No. : (c) Email ID, if any : 7. Aadhar Number (foreign persons may mention Passport number if not having Aadhar number) (attach copy of Aadhar card or Passport) (of each informant sepa....
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.... bank name, branch, IFSC code, BIC or SWIFT code etc. details) : 18. In case of multiple informants, share at which reward is to be paid : Name of informant Payable share (%) N.B. In case of multiple persons giving information about a single property, particulars of all such individual persons are required to be given in this pro forma. DECLARATION 1. I/we have read and understood the Benami Transactions Informants Reward Scheme, 2018, issued by the CBDT and agree with the terms and conditions contained in it 2. I/we accept that mere furnishing of information by me/us does not by itself confer on me right to get reward and that I/we may not get any reward at all. I/we would be bound by the decisions that the authority competent to grant reward may take. 3. I/we accept that reward would be an ex-gratia payment which, subject to the scheme, may be granted at the absolute discretion of the competent authority. The decision of the authority shal....
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....e whom the statement is signed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Name & Designation of the Officer with Seal Date: . . . . . . . . . . . . . . . . . . . Place: . . . . . . . . . . . . . . . . . . . Code No. allotted to the informant Signature of the JCIT/Addl. CIT(BP) allotting Informant Code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Name & Designation of the Officer with Seal Date: . . . . . . . . . . . . . . . . . . . Place: . . . . . . . . . . . . . . . . . . . ANNEXURE-B MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 40/2017 New Delhi, the 18th May, 2017 (Income-tax) S.O. 1621(E).-In exercise of the powers conferred under sub-section (2) of section 28 read with section 59 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988), and in supersession of the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, notification number S.O. 3290(E), dated the 25th October, 2016, pu....
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....ut from these subsequently): (i) Kheda (ii) Nadiad (iii) Anand (iv) Mahisagar (v) Panchmahal (vi) Dahod (vii) Vadodara (viii) Chhota Udaipur (ix) Narmada (x) Surat (xi) Tapi (xii) Dang (xiii) Navsari (xiv) Valsad (xv) Bharuch 3. (i) Joint Commissioner of Income-tax /Additional Commissioner of Income-tax, (Benami Prohibition), Bengaluru (ii) Assistant Commissioner of Incometax/ Deputy Commissioner of Income-tax, (Benami Prohibition), Bengaluru (iii) Income Tax Officer (Benami Prohibition),Bengaluru Bengaluru (i) Approving Authority (ii) Initiating Officer (iii) Administrator Areas within the limits of revenue districts in the State of Karnataka (including any district carved out from these subsequently): (i) Bengaluru Urban (ii) Bengaluru Rural (iii) Kolar (iv) Chickballapur (v) Ramanagaram (vi) Tumkur (vii) Dakshin Kannada (viii) Udupi (ix) Uttara Kannada (x) Shimoga (xi) Mysore (xii) Mandya (xiii) Chamarajanagara (xiv) Hassan (xv) Chikmagalur (xvi) Kodagu 4. (i) Joint Commissioner of Income-tax/ Additional Commissioner of Income-tax, (Benami Prohibition), Panaji (ii) Assistant Commissioner of Incometax/ Deputy Commissioner of Inco....
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....me-tax, (Benami Prohibition),Chennai (ii) Assistant Commissioner of Incometax/ Deputy Commissioner of Income-tax, (Benami Prohibition), Chennai (iii) Income Tax Officer (Benami Prohibition), Chennai Chennai (i) Approving Authority (ii) Initiating Officer (iii) Administrator Areas within the limits of the State of Tamilnadu and Union territory of Puducherry (including Karaikal but excluding Mahe and Yanam) 10 (i) Joint Commissioner of Income-tax / Additional Commissioner of Income-tax, (Benami Prohibition), Unit-1, Delhi (ii) Assistant Commissioner of Incometax/ Deputy Commissioner of Income-tax, (Benami Prohibition), Unit-1, Delhi (iii) Income Tax Officer (Benami Prohibition), Unit-1, Delhi Delhi (i) Approving Authority (ii) Initiating Officer (iii) Administrator Areas within the limits of the National Capital Territory of Delhi 11 (i) Joint Commissioner of Income-tax / Additional Commissioner of Income-tax, (Benami Prohibition), Unit-2, Delhi (ii) Assistant Commissioner of Incometax/ Deputy Commissioner of Income-tax, (Benami Prohibition), Unit-2, Delhi (iii) Income Tax Officer (Benami Prohibition), Unit-2, Delhi Delhi....
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....he States of West Bengal and Sikkim, Union territory of Andaman and Nicobar Islands 17 (i) Joint Commissioner of Income-tax/ Additional Commissioner of Income-tax, (Benami Prohibition), Guwahati (ii) Assistant Commissioner of Incometax/ Deputy Commissioner of Income-tax, (Benami Prohibition), Guwahati (iii) Income Tax Officer (Benami Prohibition), Guwahati Guwahati (i) Approving Authority (ii) Initiating Officer (iii) Administrator Areas within the limits of the States of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura 18 (i) Joint Commissioner of Income-tax/ Additional Commissioner of Income-tax, (Benami Prohibition), Lucknow (ii) Assistant Commissioner of Incometax/ Deputy Commissioner of Income-tax, (Benami Prohibition), Lucknow (iii) Income Tax Officer (Benami Prohibition), Lucknow Lucknow (i) Approving Authority (ii) Initiating Officer (iii) Administrator Areas within the limits of following revenue districts of the States of Uttar Pradesh and Uttarakhand: (i) Lucknow (ii) Barabanki (iii) Basti (iv) Faizabad (v) Gonda (vi) Hardoi (vii) Jaunpur (viii) Pratapgarh (ix) Rae Bareilly (x) Chhatrapat....
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....missioner of Income-tax, (Benami Prohibition), Unit-2, Mumbai (ii) Assistant Commissioner of Incometax/ Deputy Commissioner of Income-tax, (Benami Prohibition), Unit-2, Mumbai (iii) Income Tax Officer (Benami Prohibition), Unit-2, Mumbai Mumbai (i) Approving Authority (ii) Initiating Officer (iii) Administrator Areas within the limits of the Municipal corporations of Greater Mumbai and Navi Mumbai 22 (i) Joint Commissioner of Income-tax/ Additional Commissioner of Income-tax, (Benami Prohibition), Patna (ii) Assistant Commissioner of Incometax/ Deputy Commissioner of Income-tax, (Benami Prohibition), Patna (iii) Income Tax Officer (Benami Prohibition), Patna Patna (i) Approving Authority (ii) Initiating Officer (iii) Administrator Areas within the limits of the States of Bihar and Jharkhand 23 (i) Joint Commissioner of Income-tax/ Additional Commissioner of Income-tax, (Benami Prohibition),Pune (ii) Assistant Commissioner of Incometax/ Deputy Commissioner of Income-tax, (Benami Prohibition), Pune (iii) Income Tax Officer (Benami Prohibition), Pune Pune (i) Approving Authority (ii) Initiating Officer (iii) Admin....
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....ory of Daman; Union Territory of Dadra & Nagar Haveli; and Gujarat (districts of (i) Kheda (ii) Nadiad (iii) Anand (iv) Mahisagar (v) Panchmahal (vi) Dahod (vii) Vadodara (viii) Chhota Udaipur (ix) Narmada (x) Surat (xi) Tapi (xii) Dang (xiii) Navsari (xiv) Valsad (xv) Bharuch (i) Director General of Income Tax (Investigation), Aayakar Bhawan, Ashram Road, Ahmedabad -380009, Gujarat (ii) Principal Director of Income Tax (Investigation), Aayakar Bhawan, Majura Gate, Opposite New Civil Hospital, Surat -395002, Gujarat Karnataka (Districts of (i) Bengaluru Urban (ii) Bengaluru Rural (iii) Kolar (iv) Chickballapur (v) Ramanagaram (vi) Tumkur (vii) Dakshin Kannada (viii) Udupi (ix) Uttara Kannada (x) Shimoga (xi) Mysore (xii) Mandya (xiii) Chamarajanagara (xiv) Hassan (i) Director General of Income Tax (Investigation), Central Revenue Building, Queen's Road, Bengaluru- 560001, Karnataka (ii) Principal Director of Income Tax (Investigation), Central Revenue Building, Queen's Road, Bengaluru- 560001, Karnataka Goa; and Karnataka (District....
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...., New Delhi-110055 ["C" Block, Dr. S. P. Mukherjee Civic Centre, New Delhi - 110002 w.e.f. June, 2018] (iii) Principal Director of Income Tax (Investigation) - 2, E-2, ARA Centre, 3rd Floor, Jhandewalan Extension, New Delhi-110055 ["C" Block, Dr. S. P. Mukherjee Civic Centre, New Delhi - 110002 w.e.f. June, 2018] Andhra Pradesh; Telangana; and Yanam of Union Territory of Puducherry (i) Director General of Income Tax (Investigation), Aayakar Bhawan, 8th Floor, Basheer Bagh, L.B. Stadium Road, Hyderabad-500004, Andhra Pradesh (ii) Principal Director of Income Tax (Investigation), Aayakar Bhawan, 8th Floor Basheer Bagh, L.B. Stadium Road, Hyderabad-500004, Andhra Pradesh Odisha (i) Director General of Income Tax (Investigation), Aayakar Bhawan, 8th Floor, Basheer Bagh, L.B. Stadium Road, Hyderabad-500004, Andhra Pradesh (ii) Principal Director of Income Tax (Investigation), Aayakar Bhavan (Annex), Satsang Vihar, Bhubaneshwar - 751007, Odisha Rajasthan (i) Director General of Income Tax (Investigation), Central Revenue Building, B.D. Road, Statue Circle, Jaipur - 302005, Rajasthan ....
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....26001, U.P. (ii) Principal Director of Income Tax (Investigation), Aayakar Bhawan (Annex), 5-Ashok Marg, Lucknow-226001, U. P. Uttar Pradesh; and Uftarakhand (districts of (i) Banda (ii) Chitrakut (iii) Hamirpur (iv) Jalaun (v) Ramabai Nagar (Kanpur Dehat) (vi) Mohoba (vii) Kannauj (viii) Meerut (ix) Baghpat (x) Ghaziabad (xi) Muzaffarnagar (xii) Hapur (xiii) Agra (xiv) Etah (xv) Aligarh (xvi) Auraiya (xvii) Hathras (xviii) Etawah (xix) Farrukhabad (xx) Jhansi (xxi) Lalitpur (xxii) Mathura (xxiii) Firozabad (xxiv) Mainpuri (xxv) Kanshiram Nagar (xxvi) Gautam Buddha Nagar (xxvii) Bulandshahr (xxviii) Chamoli (xxix) Dehradun (xxx) Haridwar (xxxi) Pauri (xxxii) Rudraprayag (xxxiii) Saharanpur (xxxiv) Tehri Garhwal (xxxv) Uttarkashi (xxxvi) Kanpur (xxxvii) Shamli (i) Director General of Income Tax (Investigation), Aayakar Bhawan, Annexe, 5-Ashok Marg, Lucknow-226001 (ii) Principal Director of Income Tax (Investigation), 16/116, Bhargava Estate, Civil Lines, Kanpur-208001, U.P. Greater Mumbai; and Navi Mumbai (i) Director General of Income Tax (Investigation), 3rd Floor, Scindia House, Ballard Estate, Mumbai - 400 038 ....