Benami transactions News

ED raided 6 locations in Kolkata on charges of cheating through gaming app. This raid took place at the Kolkata house of a businessman's son in which Rs 17 crore cash was recovered.

ED conducted raids today (on Saturday) in Kolkata, West Bengal. ED has recovered a huge amount of cash in the raid of businessman Nisar Khan's house. A machine has been called for counting Rs.

ED conducted raids today (on Saturday) in Kolkata, West Bengal. ED has recovered a huge amount of cash in the raid of businessman Nisar Khan's house. A machine has been called for counting Rs.

I-T Department conducted mammoth raid on two Mumbai-based real estate groups The agency unearthed unaccounted income to the tune of Rs 184 crore

The tax department started initiating action under this law, implemented by the Modi government, from November 1, 2016.

The department put out its alert in a public advertisement published in leading national dailies.

More than 400 Benami transactions have been identified since the Benami Act has come into effect, informed Minister of State for Finance Santosh Kumar Gangwar in a written reply to a question in Rajya Sabha on Tuesday.

The I-T department t served attachment notice under the stringent act for assets worth over Rs 9 crore against the Lalu Prasad family.

The Income Tax Department on Wednesday said it has identified over 400 benami transactions and attached properties worth Rs 600 crore in about 240 cases.

The Revenue Department on Friday said it has detected evasion of more than Rs 1.37 lakh crore in both direct and indirect taxes and identified over 1,000 shell companies which indulged in bogus transactions worth Rs 13,300 crore in the last three financial years.

The government has issued notices in 140 cases involving properties with a value of Rs 200 crore under the Benami Transactions (Prohibition) law.

The Income Tax department has registered over 230 cases and attached assets worth Rs 55 crore nationwide as part of its post demonetisation action under the newly enforced Benami Transactions Act.

Senior Congress leader and former Finance Minister P Chidambaram on Tuesday ridiculed the Centre's demonetisation move, asking if banks doling out cash to citizens was "proof" that 'achhe din' have arrived.

After its sudden demonetisation move, the Narendra Modi government's next crackdown may be on benami transactions and illegal gold buying.

The new law to prohibit benami transactions, which also provides for up to 7 years imprisonment and penalty for those indulging in such activities, will come into effect from November 1.

Seeking to check black money, Lok Sabha on Wednesday passed a comprehensive Benami Transactions Amendment Bill, with Finance Minister Arun Jaitley assuring that genuine religious trusts will be kept out of the purview of the legislation.

Seeking resignation of Justice Dhingra, Congress spokesperson Randeep Surjewala asserted that the former has compromised his position on the behalf of undue advantage leveraged to him by the Haryana Government-led by Chief Minister Manohar Lal Khattar.

SAT's order came after it was found that the regulator did not permit the brokerage to cross-examine Bharat Overseas Bank's Ahmedabad Branch Manager Devi Dutt in the case.

A Parliamentary panel Thursday scrutinised the benami transactions prohibition bill which has been brought in by the government to unearth domestic unaccounted wealth.

Real estate industry Thursday hailed the Centre's decision to bring in a law to check `benami' transactions, saying this will ensure transparency in the sector and also related fields.