Benami Transaction and Sham Transactions Prohibition of Benami Property Transactions Act, 1988, an act promulgated to prevent and prohibit “Benami” transactions in India on 5th September, 1988. The Act, 1988 has only 9 Sections and not so effective, while preventing and prohibiting “Benami” Transactions. The Act, 1988 previously called The Benami Transactions (Prohibition) Act, 1988.
Tag Archives: Digital India
12 ways to avoid paying more for bank services The country’s top banks could end up paying thousands of crores in tax for the free bank services provided to customers over the past five years. If the tax department’s demand is upheld, customers may be charged for many services in future.
Major Reasons why your Loan Application can be Rejected A house, an MUV, your child’s education, a foreign holiday: you could have myriad reasons for applying for a bank loan. The bank generally considers and clears a loan based on your credit-worthiness. Among the factors contributing to a successful Loan Application would be your credit […]
Deadline to link Aadhaar with mobile phone extended till March 31,2018 The Centre on Thursday accepted the Supreme Court’s suggestion to extend the deadline to link Aadhaar with mobile phone from February 6 to March 31, the date now set by the government for seeding Aadhaar in all schemes, including bank accounts.
Google payment app Tez will make payments as simple as cash Internet giant Google is forayed into the payment space in the country with the launch of a Google payment app Tez payment solution, called ‘Tez’ (fast). In the morning, Google released the app on the Android as well as the Apple App store. The […]