The Income Tax Department today said it has identified over 400 benami transactions and attached properties worth Rs 600 crore in about 240 cases. Keen to implement the new Benami Act to ensure “visible outcomes on the ground”, the tax department last week set up 24 dedicated Benami Prohibition Units (BPUs) all over India. The department started initiating actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 from November […]

PM Narendra Modi has vowed to carry forward the war against corruption and black money post-demonetisation. In a big statement, Prime Minister Narendra Modi on Sunday said the government will soon operationalise a strong law to effectively deal with ‘benami’ properties and this was just the beginning. He made this statement in his last monthly address this year in his “Mann ki Baat” programme. The PM defended the frequent changes […]