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HomeEducation Education Which transactions are not considered as Benami Transactions? Which transactions are not considered as Benami Transactions?

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Which transactions are not considered as Benami Transactions?

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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