What is the penalty under Benami Transactions Prohibition Amendment Act, 2016 for providing false information?

Under Benami Transactions Prohibition Amendment Act, 2016; any person who furnishes false information or document is punishable with rigorous imprisonment from six months to five years. Additionally, a fine is also levied up to 10% of the fair market value of the property.

Further Reading:

Leave a Comment

Your Mobile number and Email id will not be published. Required fields are marked *

*

*