• Taxolawgy posted an update in the group Group logo of Chartered AccountantsChartered Accountants 3 days, 7 hours ago

    Ministry of Finance (Department of Revenue) on 29th November 2019 issued a notification no 101/2019 and makes the following rules to amend Prohibition of Benami Property Transaction 2016.
    In the Prohibition of Benami Property Transactions Rules, 2016 (hereinafter referred to as the said rules) in rule 10, ‒
    for sub-rules (1) and (2), the following rules shall be substituted, namely:-
    An appeal under sub-section (1) and sub-section (1A) of section 46 of the Act shall be made to the Appellate Tribunal in Form 3 annexed to these rules.
    An appeal filed under, –
    sub-section (1) of section 46 of the Act shall be accompanied by a fee of ten thousand rupees; and
    sub-section (1A) of section 46 of the Act shall be accompanied by a fee of two thousand rupees.”
    in sub-rule (4), for the words, brackets and figure “sub-section (1)”, the words, brackets, figures and letter “sub-section (1) or sub-section (1A), as the case may be” shall be substituted.
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