New Delhi: After demonetization of Rs. 1000 and Rs. 500 notes, Govt. of India decided to take action against “benami property”. After black money, steps are being taken against black property.
Central Govt. has given a green signal to prepare a list of “benami property”. In order to prepare this list, all land records of the country will be analyzed. For this purpose, a team of 200 officials is formed. Raids on such properties already started, starting from national capital, New Delhi.
It is to be noted that if anyone gets convict for holding any benami property, will be imprisoned for 7 years.