Benami Properties

The Book Coversthe Word Benami Is A Persian Word Which Comprises Two Compound Words, I.E. Be Meaning Without And Nam Meaning Name. In Other Words, Benami Means Without Name.The Collins English Hindi Dictionary Defines Benami In India As A Transaction Made In Another Persons Name In Order To Avoid Taxation Or Other Legal Sanctions.Benami Transactions Had Rather Received Judicial Recognition From The Very Early Period. This Can Be Seen From The Famous Decision Of Privy Council In The Case Of Gopeekrist Gosain Ys Gengarmand Gosain (1854). In This Case, It Was Held That Benami Ansaation Is A Custom In This Country And It Must Be Recognized Till Otherwise Ordered By Law. In The Year 1882, Sections 81 And 82 Of Indiankey Featurestransactions Act, 1988Along With 300 Faqs The Legal Provisions, Explanations, Frequently Asked Questions And The Practical Issues Concerning The Benami Property And What The Law Speaks About It. As A Result Of Implementation Of The Provisions Of This Act And The Enhanced Awareness In The Society, It Is Expected That The Menace Of Benami Transactions And Its Ill Effects Would Be Substantially Reduced.