Benami properties worth Rs 4,300 crore attached: Government

Benami properties worth Rs 4,300 crore attached: Government
25/07/2018 , by , in News/Views

The Income Tax department has attached benami properties worth Rs 4,300 crore till June 30, the government said today.

Minister of State for Finance Shiv Pratap Shukla said the government has taken various steps to identify benami properties and the I-T department has set up 24 dedicated Benami Prohibition Units across India.

“As on June 30, 2018, provisional attachments have been made in more than 1,600 benami transactions involving benami properties valued at over Rs 4,300 crore,” Shukla said in a written reply in the Rajya Sabha.

The Benami Transaction (Prohibition)Amendment Act, 2016, seeks to prohibit the benami transaction irrespective of the method by which such property, both movable and immovable, is acquired.

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