Benami property transactions on I-T radar

Neeraj0123 Feb, 2017Business

With the validity date ended on Friday for normal exchange of old currency notes, the income tax (I-T) department is working on �property index cards� featuring high value realty transactions in the past three years. They�ve also outlined stringent action against those reportedly having deposited unaccounted old currency in someone else�s bank account. Officials are believed to have directed property dealers and registration authorities to give lists of top property deals in descending order of valuation over three years in chartered accountant firms in mumbai