The Ordinance seeks to confiscate properties of economic offenders like diamond merchant Nirav Modi, who have left the country to avoid facing criminal prosecution
1 min read23 Apr 2018The income tax department has also identified more than 1,600 benami transactions till end-February
1 min read13 Mar 2018The Income Tax department has attached more than Rs3,500 crore worth of benami properties including flats, shops, jewellery and vehicles
1 min read12 Jan 2018Narendra Modi says Muslim women were facing hardships due to the prevailing practice of instant triple talaq for years
1 min read31 Dec 2017Implicitly, PM Naredra Modi suggested that the govt may not just insist on linking Aadhaar with the registration of new properties but that even existing properties will have to be re-registered
2 min read1 Dec 2017Income Tax department will comb through the tax history of all people who have registered property valued above Rs30 lakh to detect 'benami' properties
1 min read15 Nov 2017Though demonetisation seemed to be madness, yet there was method in it
5 min read8 Nov 2017Narendra Modi hints at a crackdown on 'benami' properties, and adds that Congress is worried as such assets of its leaders will not be spared
2 min read4 Nov 2017Attachment of real estate projects under development to dredge out benami properties will trigger a chain of defaults, says top banker
5 min read13 Jun 2017Income tax department provisionally attaches assets worth Rs600 crore in 240 benami deals since last November under the Prohibition of Benami Property Transactions Act
1 min read24 May 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared