Govt may set threshold for Benami deals
Business Standard|September 26, 2022
SHRIMI CHOUDHARY
Proposal likely to come up in Budget session
Govt may set threshold for Benami deals

The Centre may introduce a value threshold for "Benami deals", beyond which such transactions shall be invalidated and assets involved confiscated. The current legislation does not provide for any such cap.

"Some provisions of the Benami Transaction (Prohibition) Amendment Act of 2016 are being examined and might be reworked to streamline to crack down on benami properties," said a senior government official.

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