Amendment of Section 24 of the Prohibition of Benami Property Transactions Act, 1988 (Amendments to the Prohibition of Benami Property Transactions Act, 1988)
24 July, 2024
Contents
Acts
Rules & Regulations
Plus +
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Time limits for responses under benami property procedure extended; provisional attachment decision lengthened and statement referral increased, effective October. Amendments to section 24 fix procedural timelines: benamidar and beneficial owner must file explanations within three months from the end of the month of ... Summary
Prohibition Of Benami Property Transactions Act, 1988
Time limits for responses under benami property procedure extended; provisional attachment decision lengthened and statement referral increased, effective October.
Amendments to section 24 fix procedural timelines: benamidar and beneficial owner must file explanations within three months from the end of the month of notice; the Initiating Officer's period to provisionally attach or decide attachment matters is extended to four months from the end of the month of notice; and the period to prepare and refer the statement of the case to the Adjudicating Authority is increased to one month from the end of the month in which the attachment order is passed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
