Lok Sabha Question No. 2247 (UNSTARRED), answered on 2017-07-28
Subject: Benami Properties
Ministry: FINANCE
Asked by: RAM TAHAL CHOUDHARY

## GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

LOK SABHA

UNSTARRED QUESTION NO.2247

TO BE ANSWERED ON FRIDAY, THE 28 TH  JULY, 2017

SHRAVANA 6, 1939 (SAKA)

## BENAMI PROPERTIES

## 2247:  SHRI RAM TAHAL CHOUDHARY:

## Will the Minister of FINANCE be pleased to state:

(a) the details of the existing legislations for benami property transactions;

(b)  the  details  of  the  total  worth  of  benami  property  identified  under  the  said  legislations,

State/UT-wise; and

(c) the outcome of the action taken by the Government thereon?

## ANSWER

MINISTER OF STATE FOR FINANCE

(SHRI SANTOSH KUMAR GANGWAR)

(a): The Benami Transactions (Prohibition) Act, 1988 (the Act) was comprehensively amended through the Benami Transactions (Prohibition) Amended Act, 2016 to provide for an effective

regime for prohibition of benami transactions. The amended Act, 2016 came into effect from 1st

November, 2016.

(b) & (c): Till mid-June 2017, 413 benami transactions were identified since the coming into effect of the amended law. Provisional attachment of properties under the Act was made in 233 cases.

Value of properties under attachment is Rs. 813 crore. The benami properties attached include deposits in bank accounts, jewelry, immovable properties etc. Though State/UT-wise details are

not maintained, Director General of Income Tax (Investigation) Region-wise brief particulars of actions under the Prohibition of Benami Property Transactions Act, 1988; as on 20.6.2017 are as

under:

Contd……2/-

| Director General of Income Tax (Investigation) Region   |   Total No. of Transactions detected under the Act | Total no. of Cases where Provisional Attachment made under the Act   |   Value of Benami Properties under Provisional Attachment (Rs. in crore) |
|---------------------------------------------------------|----------------------------------------------------|----------------------------------------------------------------------|--------------------------------------------------------------------------|
| Ahmedabad                                               |                                                 74 | 4                                                                    |                                                                    70.53 |
| Bhopal                                                  |                                                 59 | 2                                                                    |                                                                    17.68 |
| Delhi                                                   |                                                 39 | 39                                                                   |                                                                    41.3  |
| Hyderabad                                               |                                                  6 | 5                                                                    |                                                                     2.66 |
| Jaipur                                                  |                                                 10 | 9                                                                    |                                                                     1.05 |
| Mumbai                                                  |                                                 43 | 42                                                                   |                                                                    91.74 |
| Chandigarh                                              |                                                  3 | 1                                                                    |                                                                     1.05 |
| Patna                                                   |                                                 43 | 19                                                                   |                                                                     0.07 |
| Lucknow                                                 |                                                 13 | -                                                                    |                                                                     0    |
| Kolkata                                                 |                                                 26 | 26                                                                   |                                                                   477.11 |
| Kochi                                                   |                                                  9 | 13                                                                   |                                                                     0.17 |
| Pune                                                    |                                                  2 | 1                                                                    |                                                                     1.11 |
| Bengaluru &Goa                                          |                                                 19 | 7                                                                    |                                                                    15.92 |
| Chennai                                                 |                                                 67 | 65                                                                   |                                                                    93.39 |
| Total                                                   |                                                413 | 233                                                                  |                                                                   813.78 |

********