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 20 - Assignment of Reward not to be recognized but legal heirs will be eligible - Benami Transactions Informants Reward Scheme, 2018Extract 20. Assignment of Reward not to be recognized but legal heirs will be eligible: If reward is assigned by the informant in favor of some other person, the same will not be recognized. The authority competent to grant reward may, however, grant reward to the legal heirs or nominee(s) of an informant who has deceased before receiving reward. But the provisions of the Scheme shall apply to the heir as would have applied had the informant not died. For this purpose, the informant shall specify nominee(s) in Annexure A at the time of furnishing the information. If there are more than one legal heirs or nominees, the reward amount shall be distributed in equal share unless indicated otherwise in Annexure- A or the right is relinquished by any or more of the legal heirs.
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