Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Law and Procedure an e-book

Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Benami Transactions Informants Reward Scheme, 2018 This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on Benami Transactions Informants Reward Scheme, 2018

What is the quantum of interim reward under this scheme?

  • Contents

Ans. Interim reward up to 1% of the fair market value, as defined in the Act, of movable property, and circle rate, as defined in this scheme, of immovable property, provisionally attached under section 24(4) of the Act may be granted by the competent authority on fulfilment of eligibility conditions under the scheme subject to the maximum ceiling of an amount of interim reward of Rs. 10 lakhs in respect of the information of a single benami property.​​

 

Quick Updates:Latest Updates