Sunday , December 4 2016

Tag Archives: benami transactions act

Get 7-year jail for depositing your black money in friend’s account

black-money

The Benami amount (Black Money) in the bank account deposited post de-monetisation will be seized and confiscated. New Delhi: Warning people against depositing their Uncounted old Currency (Black Money) in someone else’s bank account, the tax department has determined to slap charges under the newly enforced Benami Transactions Act against ...

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