Thu, Dec 21, 2023
According to the plea, the State must take appropriate steps to curb corruption and seize benami properties amassed by illegal means to send out a strong message that the government is determined to fight corruption and black money generation.
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Sat, Jun 02, 2018
The I-T department stated that the reward amount for information under the Foreign Black money Act has been kept high at Rs 5 crore to make it "attractive to potential sources" in foreign countries, adding "Under this Scheme, a person can get reward for giving specific information in prescribed manner about substantial tax evasion on income and assets abroad which are actionable under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015."
Thu, Jan 11, 2018
Central Board of Direct Taxes (CBDT) on Thursday announced that the Income Tax Department has stepped up actions under the Prohibition of Benami Property Transactions Act (the ‘Benami Act’).
Tue, May 16, 2017
Besides the Rashtriya Janata Dal supremo, the IT raids were also carried out on the premises of party MP P.C. Gupta`s residence as well as several businessmen and real estate agents in Delhi and Haryana`s Gurugram and Rewari.
Fri, Mar 24, 2017
In a written reply to Lok Sabha questions, Santosh Kumar Gangwar, Minister of State in the Ministry of Finance on Friday said that the government has issued notices in 140 cases of benami property.
Fri, Mar 03, 2017
The Income Tax Department on Friday warned that those who undertake Benami transactions would invite Rigorous Imprisonment (RI) of up to seven years and such violators would also stand to be charged under the Income Tax Act (I-T Act).
Tue, Dec 27, 2016
Rohit Gera, Managing Director, Gera Developments & VP, CREDAI said, "2016 has been a turbulent year for real estate. The industry faced headwinds in terms of slow sales which was then followed by a reduction in project launches. Interest rates that were expected to come down stayed stubbornly high."
During his Mann ki Baat address on Sunday Deccember 25, 2016, Modi hinted towards the unlawful property transactions, stating that the government will soon plan to apply the Benami Property Act to “target other forms of illegally accumulated wealth”.
Tue, Nov 29, 2016
The Government on Monday introduced a new Bill in Lok Sabha to tax newly deposited undeclared income as part of demonetisation drive.
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![IT raids 22 locations linked to Lalu's "benami'' land deals](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/05/16/18878-rupee1-ians.JPG?itok=B644a7s_&c=7b7d1118020af7ec88f3630d3b3f91a5 "IT raids 22 locations linked to Lalu's "benami'' land deals")
