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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 time limit for the payment of the reward? |
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Ans. Every endeavour shall be made to grant: a. interim reward within 4 months of actual provisional attachment of the benami property under Section 24(4) of the Act; and b. final reward within 6 months of the order of confiscation of the benami property becoming final. The confiscation shall be deemed to be final if two years from the date of confiscation have passed and there is no litigation pending against such confiscation. |
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