Home Acts & Rules Direct Taxes Schemes Benami Transactions Informants Reward Scheme, 2018 Chapters List Benami Transactions Informants Reward Scheme, 2018 This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Para 3 - ‘Informant’ for the purposes of this scheme - Benami Transactions Informants Reward Scheme, 2018Extract 3. Informant for the purposes of this scheme: For the purpose of this scheme `Informant means a person, which will include an individual or a group of individuals, who has (i) at a time, given specific information about one or more movable or immovable benami property(ies) of which the fair market value, as defined in the Act, of movable property, and circle rate, as defined in this Scheme, of immovable property is more than Rs. One crore in a single Annexure A form; (ii) furnished in prescribed form in Annexure A to the scheme; and (iii) received Informant Code from the authority prescribed in the scheme Explanation: A person shall not be entitled to any reward under the scheme if he is not an informant under the scheme, even if such person has furnished specific information of benami property in any other manner, e.g., through letter, e-mail, CD, Whats App, SMS, phone, posting in social networking site or publishing letter in newspaper or any other media.
|