Benami 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.

Initiating a stringent action against black money holders post notes ban, the Income Tax department Monday said it has issued 87 notices and attached bank deposits worth crores in 42 cases nationwide under the newly enforced Benami Transactions Act which attracts a heavy penalty and rigorous jail term of a maximum 7 years.

Warning people against depositing their unaccounted old currency in someone else's bank account, the tax department has decided to slap charges under the newly enforced Benami Transactions Act against violators that carries a penalty, prosecution and rigorous jail term of a maximum seven years. 

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.