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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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What is the quantum of interim reward under this scheme? |
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Ans. Interim reward up to 1% of the fair market value, as defined in the Act, of movable property, and circle rate, as defined in this scheme, of immovable property, provisionally attached under section 24(4) of the Act may be granted by the competent authority on fulfilment of eligibility conditions under the scheme subject to the maximum ceiling of an amount of interim reward of Rs. 10 lakhs in respect of the information of a single benami property. |
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