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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on Benami Transactions Informants Reward Scheme, 2018 |
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Who is considered an ‘Informant’ under this scheme? |
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Ans. 'Informant' means a person, including an individual or a group of individuals, who has fulfilled all of the following conditions: a. at any time, given specific information about one or more movable or immovable benami properties 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. 1 crore, in a single Annexure - A form; b. furnished information in the prescribed form in Annexure - A to the scheme; and c. received an 'Informant Code' from the authority prescribed in the scheme. |
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