Benami Properties

Timelines
Charges dropped against Shah Rukh in benami Alibaug property case

29 Jan 2019

Charges dropped against Shah Rukh in benami Alibaug property case

Bollywood actor Shah Rukh Khan has been absolved of the charge of being a beneficiary of a benami property in Alibaug, Maharashtra.

Indians' money in Swiss banks rises 50% in one year

29 Jun 2018

Indians' money in Swiss banks rises 50% in one year

Showing an extreme reverse trend, money held by Indians in Swiss banks increased a whopping 50.2% to Rs. 7,000cr in 2017, putting into doubt impact of the government's fight against black money.

I-T department attached benami-properties worth Rs. 4,300cr since new laws

26 Jun 2018

I-T department attached benami-properties worth Rs. 4,300cr since new laws

Since enacting stringent laws on benami properties in November'16, the Income Tax (I-T) department has attached more than 1,500 such assets collectively worth Rs. 4,300cr.

By being tax informant you can become crorepati: Know how

02 Jun 2018

By being tax informant you can become crorepati: Know how

The Income Tax Department has announced three reward schemes under which anyone providing information to the department about the unaccounted wealth of Indians can win a reward of up to Rs. 5cr.

I-T working on more, better rewards for tax evasion informers

06 Apr 2018

I-T working on more, better rewards for tax evasion informers

The I-T Department is working on new rules to encourage people to provide information on tax evasion and benami transactions.

I-T attaches SRK's Alibaug farmhouse over several alleged violations

30 Jan 2018

I-T attaches SRK's Alibaug farmhouse over several alleged violations

I-T has provisionally attached Shah Rukh Khan's Deja Vu Farms Pvt Ltd at Alibaug under the Prohibition of Benami Property Transactions Act (PBPT).

You could get Rs. 1cr for revealing benami properties

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.

Will the Benami properties case be Lalu Prasad's undoing?

30 Aug 2017

Will the Benami properties case be Lalu Prasad's undoing?

Yesterday, Lalu Prasad Yadav's family members were grilled by the Income Tax department in the benami properties and disproportionate assets case.

ED raids Lalu's daughter Misa Bharti's farmhouse in Delhi

08 Jul 2017

ED raids Lalu's daughter Misa Bharti's farmhouse in Delhi

The Enforcement Directorate (ED) on Saturday conducted raids at Lalu Prasad's daughter Misa Bharti's farmhouse in Delhi with regard to an alleged money laundering case.

Land scam: CBI raids 12 premises of Lalu Yadav, family

07 Jul 2017

Land scam: CBI raids 12 premises of Lalu Yadav, family

On 7th July, the CBI raided at least 12 premises of RJD chief Lalu Yadav in a case related to illegal leasing of land. The searches began early morning.

Benami deals- Misa Bharti, husband Shailesh's property attached by IT

20 Jun 2017

Benami deals- Misa Bharti, husband Shailesh's property attached by IT

The IT department has attached 12 plots belonging to Lalu Prasad's daughter Misa Bharti, her husband Shailesh, sisters Chanda and Ragini and more members of the Yadav family.

Lalu Prasad's daughter Misa issued fresh summons by I-T dept

06 Jun 2017

Lalu Prasad's daughter Misa issued fresh summons by I-T dept

The I-T department has issued fresh summons for June 12 to MP Misa Bharti, daughter of RJD chief Lalu Prasad Yadav, over benami land deals worth Rs. 1,000cr and on tax evasion charges.

I-T Dept unearths 400 Benami deals, attaches properties

25 May 2017

I-T Dept unearths 400 Benami deals, attaches properties

The Income Tax Department stated that it had unearthed 400 benami deals and has attached Rs. 600 crore worth of properties in regards to the deals.

Lalu's daughter, her husband summoned by I-T dept

25 May 2017

Lalu's daughter, her husband summoned by I-T dept

Misa Bharti, the daughter of Lalu Prasad Yadav and her husband Shailesh Kumar have been summoned before the I-T department's investigating officer who is looking into the Rs. 1000 crore benami deals of the Yadavs.

Lalu's benami properties - RJD, BJP workers clash in Patna

17 May 2017

Lalu's benami properties - RJD, BJP workers clash in Patna

Rashtriya Janata Dal and Bharatiya Janata Party workers clashed outside the BJP office in Patna, in light of the recent raids by the I-T department on alleged benami properties tied to RJD chief Lalu Prasad Yadav.

Won't be cowed down by BJP's political vendetta: Lalu Prasad

17 May 2017

Won't be cowed down by BJP's political vendetta: Lalu Prasad

RJD chief Lalu Prasad accused the Centre of a political witch-hunt after CBI conducted raids at 22 locations in Delhi-NCR over property deals worth Rs. 1,000cr allegedly linked to his family.

I-T dept conducts raids over Lalu Prasad's benami properties

16 May 2017

I-T dept conducts raids over Lalu Prasad's benami properties

The I-T department conducted raids and surveys at 22 locations in Delhi and NCR, saying they were looking into alleged benami deals involving RJD chief Lalu Prasad Yadav, worth over Rs. 1000 crore.

Benami properties to be turned into offices, residences

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.

7 years of rigorous imprisonment for Benami Act violators

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.

7 years jail for buying property under family members' name

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.

Benami Act to impact real estate prices

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.