Identification of Benami Properties

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..... Identification of Benami Properties
News and Press Release
Dated:- 24-7-2018

Ministry of Finance Posted On: 24 JUL 2018 4:01PM by PIB Delhi Prohibition of Benami Property Transactions .....

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..... Act 1988 as amended by the Benami Transaction (Prohibition) Amendment Act, 2016 seeks to prohibit the Benami Transactions irrespective of the method by which the Benami Property is acquired. Such Bena .....

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..... mi Transactions include transactions in respect of movable as well as immovable properties. As on 30/06/2018, provisional attachments have been made in more than 1600 Benami Transactions involving Be .....

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..... nami Properties valued at over ₹ 4,300 crores. The Government of India has taken various steps to identify Benami Properties. The Income-tax Department (ITD) has set-up 24 dedicated Benami Proh .....

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..... ibition Units (BPUs) across India. These BPUs are involved in gathering information and matching the same with the data available for identifying the Benami Properties and taking effective action as p .....

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..... er the provisions of Prohibition of Benami Property Transactions Act 1988 as amended by the Benami Transaction (Prohibition) Amendment Act, 2016. This was stated by Shri Shiv Pratap Shukla, Minister .....

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..... of State for Finance in Written Reply to a question in Rajya Sabha today. **** DSM/RM/KA
News - Press release - PIB .....

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