Benami properties worth Rs 4,300 crore attached till June 30

Taking action against 'benami' (proxy) transactions in the country, the Income Tax Department has attached benami properties worth over Rs 4,300 crore till June 30 this year, the Parliament was told on Tuesday.

Minister of State for Finance Shiv Pratap Shukla told the Rajya Sabha in a written reply that the government had taken various steps to identify benami properties including setting up of 24 dedicated Benami Prohibition Units (BPUs) across the country.

"These BPUs are involved in gathering information and matching the same with the data available for identifying the benami properties and taking effective action as per the provisions of Prohibition of Benami Property Transactions Act.

"As on June 30, 2018, provisional attachments have been made in more than 1,600 benami transactions involving benami properties valued at over Rs 4,300 crore," he said.

--IANS

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