Tag Archives: black money in India

Is this the brain child of Modi government? The answer is NO. Benami Transactions (Prohibition) Act was enacted in 1988. Actually, it was in 1973 that the Law Commission of India recommended to formulate an Act to curb Benami Transactions! So, it took 15 years for the government to make …

This is in continuation of articles written about union budget 2015. One of the measures taken by the government is amendment of Section 269SS and 269T of Income Tax Act, 1961.   The existing provisions contained in section 269SS of the Income-tax Act provide that  no person shall take from …