Taxman may get more power to demolish benami realty deals

To combat benami property deals, a CBDT panel suggests stricter measures, including access to Aadhaar data and property registries. The recommendations aim to identify ‘dummy directors’ in shell companies and confiscate other assets if benami properties are untraceable. These steps seek to address loopholes and ambiguities in the existing law, enhancing the I-T department’s ability to tackle benami transactions.

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