Taxmann’s Law Relating to Benami Properties Edition 2017

CONTENTS:

1. INTRODUCTION

2. WHAT IS BENAMI TRANSACTION

3. BENAMI TRANSACTIONS WHERE CONSIDERATION PROVIDED BY A PERSON OTHER THAN THE TRANSFEREE – SECTION 2(9) (A)

4. PROPERTY ACQUIREDE WITH HUF’S FUNDS AND HELD IN THE NAME OF KARTA OR ANY MEMBER OF HUF WHEN AND WHETHER BENAMI

5.PROPERTY HELD BY INDIVIDUAL IN FIDUCIARY CAPAPCITY WHEN AND WHETHER BENAMI

6. PROPERTY PURCHASED BY INDIVIDUALS IN THE NAME OF SPOUSE OR CHILD WHETHER BENAMI PROPERTY

7. PROPERTY ACQUIRED/ HELD BY INDIVIDUAL IN THE NAME OF BROTHER/SISTERS -WHEN AND WHETHER BENAMI

8. PROPERTY ACQUIRED/HELD BY INDIVIDUALS IN THE NAME OF BROTHERS/SISSTERS/ RELATIVES WHEN AND WHETHER BENAMI

9. TRASACTION OR ARRANGEMENT CARRIED OUT OR MADE IN A FICTITIOUS NAME WHETHER A BENAMI TRANSACTIONS [SECTIONS 2 (9) (B)]

10. TRANSACTIONS OR ARRANGEMENT IN RESPECT OF A PROPERTY WHERE OWNER OF PROPERTY DENIES KNOWLEDGED OF OWNERSHIP WHETHER A BENAMI TRANSACTION ? [SECTION (2) (9) (C)]

11. PROPERTY TRANSACTION WHERE PERSON PROVIDING GTHE CONSIDERATION WHER PERSON PROVIDING THE CONSIDERATION IS NOT TRACEABLE OR FICTITIOUS -WHETHER A BENAMI TRANSACTION [SECTION 2(9) (D) ]

12. WHAT IS BENAMI PROPERTY

13. WHO IS BENAMIDAR AND WHO IS BENEFICIAL OWNER

14.LEGAL CONCEQUENCES OF BENAMI TRANSCATIONS