Attractive rewards for Informants of benami transactions

New Delhi : With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and to reduce tax evasion, a new reward scheme titled “Benami Transactions Informants Reward Scheme, 2018” has been issued by the Income Tax Department.

Under the scheme,  any person, including foreigners, can inform Joint or Additional Commissioners about benami transactions and properties which can be tried under the Benami Transactions (Prohibition) Amendment Act, 2016.

Leave a Reply

Your email address will not be published. Required fields are marked *