Tag: benami
'Benami' Actions Carry Jail Terms, Warns I-T Department
India's Income Tax Department on Friday cautioned those engaging in 'benami' (proxy) transactions that they stand to face Rigorous Imprisonment (RI) of up to 7 years and would also invite prosecution under the Income Tax Act.....
Aadhaar To Be Big Weapon Against Benami Properties: Modi
Describing Aadhaar as a major "power" to bring about an "irreversible change" in the common man's life, Prime Minister Narendra Modi on Thursday said that the Unique Identification Number will now be used in cases involving benami properties....
I-T Records Robert Vadra's Statement In Benami Properties Case
The Income Tax Department officers on Monday started recording the statement of Robert Vadra in connection with a benami properties case.....
'Benami' Flats Booked For Re 1 Per Sq.ft In Amrapali Projects, SC Told
A court-appointed auditors informed the Supreme Court that posh flats which were part of Amrapali Group were booked on sums as low as Re 1, Rs 5 and Rs 11 per sq.ft in the name of over 500 people.....
School Job Scam: I-T Dept To Probe Case Under Benami Transactions Act
The Income Tax Department is initiating a probe under the Benami Transactions (Prohibition Act) in the multi-crore cash-for-school job case in West Bengal. ....
ED Notice To Karti Chidambaram, Vasan Health Care
The Enforcement Directorate (ED) on Monday said it has issued notice to Vasan Health Care Pvt Ltd, its promoter Karti P Chidambaram, the son of former Finance Minister P.Chidambaram, and Advantage Strategic Consulting for violating foreign currency laws to the tune of Rs 2,307 crore.....
