Introduction

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..... : 23.4.2018 To, All Principal Chief Commissioners of Income Tax (CCA) All Directors General of Income Tax (Investigation) Sir/Madam, Sub: Benami Transactions Informants Reward Scheme, 2018 The Board has introduced the reward scheme for informants giving information of benami property actionable under Prohibition of Benami Property Transactions Act, 1988, as amended by Benami .....

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..... y), 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. - - statute, statutory provisions legislation, law, enactment, Act .....

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