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