Statements (24)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Indian legislation
|
| gptkbp:administeredBy |
gptkb:Income_Tax_Department_of_India
|
| gptkbp:amendedBy |
2016
|
| gptkbp:compatibleWith |
Hindu Undivided Family (under certain conditions)
fiduciary relationships (under certain conditions) transactions in the name of spouse or child (under certain conditions) |
| gptkbp:dateEnacted |
1988
|
| gptkbp:defines |
benami transaction is a transaction where property is held by one person but paid for by another
|
| gptkbp:enactedBy |
gptkb:Parliament_of_India
|
| gptkbp:extendsTo |
whole of India except Jammu and Kashmir (before 2019)
|
| https://www.w3.org/2000/01/rdf-schema#label |
Benami Act
|
| gptkbp:officialName |
gptkb:Prohibition_of_Benami_Property_Transactions_Act,_1988
|
| gptkbp:penalty |
imprisonment up to 7 years
fine up to 25% of fair market value of property |
| gptkbp:prohibits |
benami transactions
|
| gptkbp:providesFor |
confiscation of benami property
prosecution of offenders |
| gptkbp:purpose |
prevent circumvention of law through benami property
prohibit benami transactions |
| gptkbp:relatedTo |
gptkb:Income_Tax_Act,_1961
gptkb:Prevention_of_Money_Laundering_Act,_2002 |
| gptkbp:bfsParent |
gptkb:Benami_Transactions_(Prohibition)_Act,_1988
gptkb:Prohibition_of_Benami_Property_Transactions_Act,_1988 |
| gptkbp:bfsLayer |
7
|