What is Benami Transactions Informants Reward Scheme, 2018?

Ans. The Benami Transactions Informants Reward Scheme, 2018 ('the Scheme') is a reward scheme introduced by the CBDT for informants giving information about the Benami property actionable under the Prohibition of Benami Property Transactions Act, 1988 ('PBPT Act').

A person who satisfies the definition of 'informant' under the scheme can get a reward of up to Rs. 1 crore for giving specific information about the benami property. The identity of the Informant shall be kept confidential.