Home Acts & Rules Direct Taxes Schemes Benami Transactions Informants Reward Scheme, 2018 Chapters List Benami Transactions Informants Reward Scheme, 2018 This
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Para 9 - Timelines for grant of interim and final reward - Benami Transactions Informants Reward Scheme, 2018Extract 9. Timelines for grant of interim and final reward: Every endeavour shall be made to grant: (i) interim reward within 4 months of actual provisional attachment of the benami property under section 24(4) of the Act ; and (ii) final reward within 6 months of order of confiscation of the benami property becoming final. The confiscation shall be deemed to be final if two years from the date of confiscation have passed and there is no litigation pending against such confiscation.
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