Benami Transactions (Prohibition) Act, 1988

URI: https://gptkb.org/entity/Benami_Transactions_(Prohibition)_Act,_1988
GPTKB entity
Statements (29)
Predicate Object
gptkbp:instanceOf Indian legislation
gptkbp:administeredBy gptkb:Department_of_Revenue,_Ministry_of_Finance
gptkbp:amendedBy gptkb:Benami_Transactions_(Prohibition)_Amendment_Act,_2016
gptkbp:amendmentEffectiveDate 1 November 2016
gptkbp:appliesTo gptkb:India
gptkbp:dateEnacted 1988
gptkbp:enactedBy gptkb:Parliament_of_India
https://www.w3.org/2000/01/rdf-schema#label Benami Transactions (Prohibition) Act, 1988
gptkbp:longTitle An Act to prohibit benami transactions and the right to recover property held benami
gptkbp:penalty imprisonment
fine
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:section Section 2 (Definitions)
Section 5 (Property held benami liable to confiscation)
Section 3 (Prohibition of benami transactions)
Section 8 (Power of authorities)
gptkbp:shortName gptkb:Benami_Act
gptkbp:startDate 5 September 1988
gptkbp:status amended
gptkbp:bfsParent gptkb:Income_Tax_Department_of_India
gptkb:CBDT
gptkb:Indian_Revenue_Service_(Income_Tax)
gptkbp:bfsLayer 6