23 Sep 2017
You could get Rs. 1cr for revealing benami properties
Starting October-November, you could get a reward of up to Rs. 1cr for informing authorities about benami properties.
08 May 2017
Black money crackdown - CBI investigation uncovers shell company network
The Central Bureau of Investigation (CBI), in its ongoing three-year long investigation into black money, uncovered evidence of a clandestine web of 339 shell companies used to channel funds up to Rs. 290 crore.
08 May 2017
Benami properties to be turned into offices, residences
The government has stated that soon, benami properties in the country may be converted in to office spaces or residences. It is said to be a part of PM Modi's crackdown on corruption and black-money.
18 Apr 2017
4 lakh companies could be deregistered for not filing returns
More than one third of the 11 lakh active Indian shell companies face de-registration prospects as they haven't filed their returns since the last 3 financial years.
03 Mar 2017
7 years of rigorous imprisonment for Benami Act violators
The Income Tax department stated that individuals found violating the Benami Transactions Act would invite 7 years of rigorous imprisonment.
28 Feb 2017
Black money: Govt planning to close 6-7 lakh shell companies
The government is planning to close 6-7 lakh shell companies, many of which had deposited large amounts in banks post demonetization.
12 Feb 2017
Government's next target- shell companies, says will freeze accounts
The government is determined to weed out shell companies to ensure black money doesn't find a conducive environment to flourish.
31 Jan 2017
7 years jail for buying property under family members' name
According to the Benami Transactions Amendment Act 2016, individuals are prohibited from buying property in the name of family members, unless they are joint-holders of the property. Only property bought for spouse or children are exempt from this clause.
28 Dec 2016
FIR filed in Bhajiawala case
Surat IT-Dept registered an FIR with CBI against 'Bhajiawala Family' (BW Family).
27 Dec 2016
Benami Act to impact real estate prices
In light of PM Modi's vow to go after "Benami Properties", experts said if the new law was implemented effectively, it would bring transparency to real estate sector.