Glossary / Also known as

Benami property transaction

Another name for Benami Transaction.

What does benami property transaction mean?

Benami property transaction is another name for Benami Transaction. A transaction where property is held under a fictitious or proxy name, prohibited and punishable under Indian law.

The two names mean the same thing. You will see "benami property transaction" in some ledgers, reports and contracts and "Benami Transaction" in others. The full entry covers how it works, with examples.

Read the full definition of Benami Transaction

Topics

Trade and foreign exchange

From the glossary

Related terms.

Trade and foreign exchange Benami Transaction A transaction where property is held under a fictitious or proxy name, prohibited and punishable under Indian law. Also called benami property transaction Trade and foreign exchange Directorate of Enforcement (ED) India's financial investigation agency responsible for enforcing FEMA and PMLA, investigating economic crimes and money laundering. Also called Enforcement Directorate Trade and foreign exchange Anti-Money Laundering (AML) Regulations and processes to detect, prevent, and report money laundering activities in the financial system. Also called anti money laundering, PMLA compliance Income Tax Act 2025 Income Tax Act, 1961 The primary legislation governing the levy, assessment, and collection of income tax in India. Also called Income Tax Act 1961, IT Act, the old Income Tax Act Trade and foreign exchange FEMA (Foreign Exchange Management Act) India's primary legislation governing foreign exchange transactions, cross-border investments, and external trade payments. Also called FEMA 1999, foreign exchange regulations Trade and foreign exchange Central Excise A tax on the manufacture of goods within India, levied by the central government and largely subsumed by GST in 2017. Also called central excise duty

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