Your chance to become a crorepati: Expose a benami property says Union Government

You could become a crorepati too. The Union Government has announced a reward scheme to crackdown on benami properties and promises to give a person a reward up to Rs 1 crore.

For those exposing benami properties the government has promised a reward up to Rs 1 crore. The scheme is named, the Benami Transactions Informants Reward Scheme, 2018. To become eligible for reward under the scheme, the informant is required to provide specific details about the benami property in a prescribed manner to the Joint or Additional Commissioners attached with the Benami Prohibition Units (BPUs) in Investigation Directorates of Income Tax Department.

The information provided under the reward scheme must be actionable under Benami Property Transactions Act, 1988 which was amended as the Benami Transactions (Prohibition) Amendment Act, 2016.

The government says that foreigners are also eligible for the reward. The identity of the persons would however be kept a secret.