Section 3 of PBPT Act : Section 3: Prohibition Of Benami Transactions
PBPT Act
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Explanation using Example
Imagine a scenario where Mr. Sharma, a businessman, buys a piece of land but instead of registering the property in his name, he registers it under the name of his domestic helper, Mr. Singh, without Mr. Singh providing any payment for the property. Mr. Sharma does this to evade taxes and to keep the pro...
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