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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Benami Property This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on Benami Property

What is the definition of property?

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Ans. Property means assets of any kind, whether movable or immovable, tangible or intangible, corporeal or incorporeal. It also includes any right or interest of legal documents or instruments evidencing title to or interest in the property and where the property is capable of conversion into some other form, then the property in the converted form and also includes the proceeds from the property.

 

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