New Benami Transactions Informants Reward Scheme, 2018

SHARE:

New Benami Transactions Informants Reward Scheme, 2018 Due to this scheme if you inform about black money to Income Tax Department then in this scheme

New Benami Transactions Informants Reward Scheme, 2018

Due to this scheme if you inform about black money to Income Tax Department then in this scheme you will receive reward from department given are details related to this.
New Benami Transactions Informants Reward Scheme, 2018 launched by the Income Tax Department
To get people’s participation in the Income Tax Department’s efforts to unearth black money and to reduce tax evasion

It was found in many cases that black money was invested in properties in the names of others, even though benefits were enjoyed by the investor concealing his beneficial ownership in his tax returns. The Government had earlier amended Benami Property Transactions Act, 1988, by Benami Transactions (Prohibition) Amendment Act, 2016 to make the law stronger. With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and to reduce tax evasion, a new reward scheme titled “Benami Transactions Informants Reward Scheme, 2018”, has been issued by the Income Tax Department. This reward scheme is aimed at encouraging people to give information about Benami transactions and properties as well as income earned on such properties by such hidden investors and beneficial owners.

Under the Benami Transactions Informants Reward Scheme, 2018, a person can get a reward of up to Rs. One crore for giving specific information in the prescribed manner to the Joint or Additional Commissioners of Benami Prohibition Units (BPUs) in Investigation Directorates of Income Tax Department about Benami transactions and properties as well as proceeds from such properties which are actionable under Benami Property Transactions Act, 1988, as amended by Benami Transactions (Prohibition) Amendment Act, 2016.

Foreigners will also be eligible for such a reward. The identity of the persons giving information will not be disclosed and strict confidentiality shall be maintained.

Details of the reward scheme are available in the Benami Transactions Informants Reward Scheme, 2018, a copy of which is available in Income Tax offices and on the official website of the Income Tax Department www.incometaxindia.gov.in.

Notification can be downloaded from here [Notification##download##]

COMMENTS

Name

269su,1,80-c,3,80CCD,2,aadhaar,6,accounts,10,advance-ruling,4,appeal,2,assessment,1,audit,8,bank-audit,1,banks,3,bare-act,3,bonds,1,budget,31,budget-2019,3,budget-2020,2,budget-2021,15,budget-2022,4,budget-2023,7,budget-2024,2,calculator,1,capital-gains,2,case-laws,2,cash,1,cbdt,2,chartered-accountants,2,co-operative-housing-society,1,company-audit,1,cop,1,covid-19,4,deduction,8,depreciation,1,dgft,1,donation,1,download,26,e-invoicing,2,e-way-bill,1,earning-tips,6,ebook,1,epf,1,equilisation-levy,1,excel,11,excel-2-tally,3,exempt-income,1,gold,1,gst,47,gst-advisory,1,gst-audit,1,gst-council,14,gstp,2,huf,1,icai,3,income-tax,89,income-tax-news,27,info,13,investments,2,itc,2,itr-filing,4,leave-encashment,1,letter,1,list,3,mca,1,mf,3,mp,3,ngo,8,notification,5,NPS,1,pan,8,roc,1,rules,1,saving-scheme,3,script,2,sft,1,share-market,1,society,7,stock-market,1,supreme-court,1,tally,16,tax-audit,2,tcs,6,tdl,2,tds,20,tds-rate-chart,1,tips,15,trust,2,utility,7,
ltr
item
Saral Tax India | सरल टैक्स इंडिया: New Benami Transactions Informants Reward Scheme, 2018
New Benami Transactions Informants Reward Scheme, 2018
New Benami Transactions Informants Reward Scheme, 2018 Due to this scheme if you inform about black money to Income Tax Department then in this scheme
Saral Tax India | सरल टैक्स इंडिया
https://www.saraltaxindia.com/2018/06/new-benami-transactions-reward-scheme.html
https://www.saraltaxindia.com/
https://www.saraltaxindia.com/
https://www.saraltaxindia.com/2018/06/new-benami-transactions-reward-scheme.html
true
2873352319085116735
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content