DMPQ: What is benami transaction? What are the key provisions of the Benami Transactions ( Prohibition) Amendment act, 2016? (ECONOMY)
The benami (without a name) transaction refers to property purchased by a person in the name of some other person. The person on whose name the property has been purchased is called the benamdar and the property so purchased is called the benami property. The person who finances the deal is the real owner. Therefore, … Read more