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What is Title Fraud?

Wednesday, February 7, 2018, 1:17 PM

Under title fraud, fraudsters will create duplicate title deeds and claim themselves to be the owners of the property. This kind of scam is usually done on the properties which are vacant for a long time and whose owners are staying abroad. To avoid this kind of fraud, it is very important to hire a legal advisor before buying any property.
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What are the penalties for benami properties or transactions?

Wednesday, August 2, 2017, 11:33 AM

The PBPT Act defines benami properties and benami transactions and prohibits them. It also prescribes punishment and penalties applicable when laws are violated. It gives the government powers to confiscate, properties held benami without being liable to pay any compensation. Violation of PBPT Act can put a person behind bars for as long as 7 years. The culprit can also be fined for it.
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Which transactions are not considered as Benami Transactions?

Wednesday, August 2, 2017, 11:29 AM

If member of HUF holds the property for his benefit or for the benefit of any other member of HUF & the consideration for the property is paid in full out of known-sources of HUF. If a person buys assets in the name of his spouse/kids for which the payment was done from known-sources of income then such property is not considered benami-property.

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