1. IT Department had set up 24 dedicated Benami Prohibition Units (BPUs) under its Investigation Directorates all over India in May,2017 to ensure swift action in respect of Benami properties.
2. As a result of intensive efforts undertaken by the Department, provisional attachment has been made in more than 900 cases of properties under the Act. These include plots of land, flats, shops, jewellery, vehicles, deposits in bank accounts, fixed deposits etc.
3. The value of properties under attachment is more than Rs. 3500 crore including immovable properties of more than Rs. 2900 crore. In five cases,the provisional attachments of Benami properties, amounting to more than Rs. 150 crore have been confirmed by the Adjudicating Authority.
4. The Income Tax Department is committed to continue its concerted drive against black money and action against Benami transactions will continue to be intensified.
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Thanks for Visit.
Thanks for the update. Doing taxes would be hard with this.
ReplyDeleteKeep it up!