Benami Lenden Mukhbir Puraskar Yojana 2018 | 1 Crore Reward

Benami Lenden Mukhbir Puraskar Yojana 2018 – The Finance Ministry has announced ‘Benami Lenden Mukhbir Puraskar Yojana 2018 (बेनामी लेनदेन मुखबिर पुरस्कार योजना 2018)’ to tighten the scam on the Anonymous properties on Friday. Under this scheme, if a person gives information to the government about anonymity property, then he can get a reward of up to one crore. Information about the Anonymous property will be given to the Additional Commissioner in the Prohibition Units.

Benami Lenden Mukhbir Puraskar Yojana 2018

Amendment in Anonymous Law (बेनामी कानून) Was Made in 1988

Recently, the government has made amendment in the Anonymous Act of 1988 (1988 के बेनामी कानून) and passed the Anonymous Transactions Act, 2016. Now the Central government has made the announcement of this reward scheme to increase the cooperation of people in search of benami properties. Those who give information about the exposure of anonymous transactions and properties and income from such properties will get this reward.

Foreigns Can Also Take Advantage of this Scheme

According to the ministry, foreign nationals can also avail the benefit of this scheme. The identity of the person giving information will be kept confidential and strict compliance will be followed throughout the matter. Full information is available on Income Tax Offices and its website about the Anonymous Transactions Information Reward Scheme 2018 (बेनामी लेनदेन मुखबिर पुरस्कार योजना 2018).

Rs. 50 Lakh On Giving Information of Tax Evasion

Not only this, the government has announced a reward scheme of Rs 50 lakh to highlight the cases of income tax evasion. Under the IT Act of 1961, the government has started an Income Tax Informants Rewards Scheme. Under this, if any person gives information regarding the case of tax evasion in the Directorate of Income Tax Department, then it will be entitled to this reward.

What is Anonymity Property (बेनामी संपत्ति)?

When a person purchases an asset with his money in the name of someone else, then he will be called Anonymous property. However, it is essential that the source of money imposed in the property is unknown, which can not be disclosed to the income tax department as well. Regardless of how the payment made, it does not matter.

Note – Foreigners will also be eligible for this award. The identity of the person giving the information will not be revealed and will be made complete confidential.

Important Links

Anonymous Transaction, Informant Award Scheme, 2018’s copy is available in Income Tax Offices and on the Income Tax Department’s website, www.incometaxindia.gov.in.

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