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What are benami properties and benami transactions?

What are benami properties and benami transactions?

Wednesday, August 2, 2017, 11:20 AM

The meaning of benami in hindi is “without a name”. Therefore, properties which people buy but not under their own name are termed as benami properties. People often spend their black money to buy assets in the name of their family members to save their taxes. Transactions involved in purchasing benami properties are called benami transactions.
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