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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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Will an assignment of the reward by the Informant be recognized? |
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Ans. If the reward is assigned by the Informant in favour of some other person, the same will not be recognized. The authority competent to grant reward may, however, grant reward to the legal heirs or nominee(s) of an informant who has deceased before receiving the reward. The provisions of the scheme shall apply to the heir as would have applied had the Informant not died. For this purpose, the Informant shall specify nominee(s) in Annexure-A at the time of furnishing the information. If there is more than one legal heir or nominee, the reward amount shall be distributed in equal share unless indicated otherwise in Annexure-A or the right is relinquished by any or more of the legal heirs. |
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