Good move: Letter to BS on benami ads leaving property owners jittery

Benami properties have been the bane of the income tax department and honest taxpayers

The article “Benami ads leave property owners jittery” (January 11) yet again brings a great step by the government to minimise the menace of ‘black money’ that has plagued our country. We have become used to doing real estate deals with huge sums of black money; it has become a kind of ‘given’ that if you have to buy or sell any property you have to involve unaccounted money — whether you like it or not. Very few property transactions take place with full cheque payment and, in such cases, the buyer invariably gets less than what he/she would have