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Reward of Rs 1 crore for Benami property secret informers

Reward of Rs 1 crore for Benami property secret informers

I-T dept launches online facility to tip it off on illegal foreign assets, benami properties

The facility also provides an option for someone to be an ‘informer’ and claim a reward.

  • A reward upto 1 crore (benami assets case) and upto 5 crore (in case of any other tax evasion instance including holding black assets abroad), subject to certain conditions, is given to the informant by the department as per the scheme in operation at present

NEW DELHI : The Income Tax Department has launched a new online facility that allows people to provide a tip-off about undisclosed foreign assets, benami properties or any instance of tax evasion of an individual or entity, the CBDT said on Tuesday.

The link “submit tax evasion petition or benami property holding” was activated on the e-filing portal of the department, https://www.incometaxindiaefiling.gov.in, on Monday.

“The facility allows for filing of complaints by persons who are existing PAN (permanent account number) or Aadhaar holders as well as for persons who do not have a PAN or Aadhaar.”

Also Read : Be an informer to income tax department, earn up to Rs 5 crore

“After an OTP-based validation process (mobile and/or email), the complainant can file complaints in respect of violations of the Income Tax Act, 1961, Black Money (Undisclosed Foreign Assets and Income) Imposition of Tax Act, 1961 and Prevention of Benami Transactions Act in three separate forms designed for the purpose,” the CBDT said in a statement.Once a complaint is filed, the department will allot a unique number to each complaint and the complainant would be able to view the status of the complaint on this weblink, it said.

This e-portal, it said, is yet another initiative of the department to bring enhanced ease of interaction with the taxman while strengthening its resolve towards e-governance and encouraging participation of citizens as stakeholders in curbing tax evasion.

The facility also provides an option for someone to be an “informer” and claim a reward.

Till now, such a classified or secret information could be given to the tax department by either visiting the I-T investigation wing office in person (resident Indians) and providing the information in a stipulated form and in the case of foreign residents they could email such evidences to the Member (Investigation) in the CBDT.

The initiative is likely to be announced by next month.

A senior Central Board of Direct Taxes (CBDT) official who is part of the policy making said on condition of anonymity, “An informer will get minimum Rs 15 lakh and maximum Rs 1 crore.

According to the official, the information will have to be acute and identity of the informer will be kept secret. The department will never disclose the identity as this could endanger the informer. The Benami Property Law introduced last year lacked this provision. It is a common practice by the Enforcement Directorate, the Income Tax department and Directorate of Revenue Intelligence to reward informers. The reward, however, is not so lucrative.”

A reward upto 1 crore (benami assets case) and upto 5 crore (in case of any other tax evasion instance including holding black assets abroad), subject to certain conditions, is given to the informant by the department as per the scheme in operation at present.

Official sources said the department seeks “credible” information on tax evasion from the public so that it can act against the offenders rather than someone sending “anonymous information sans facts” that leads to wastage of the taxman’s efforts and undue claims of reward for tipping off the department.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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    • The Govt fully knows who are these people. Most of them are politicians and babus. If the govt is keen they should first upload all data about political parties and its agents. Innocent people willnot be protected in this case. Common man will be targeted. Who allowed Vijay Mallya and such like to escape?

      • The Govt is already doing it (Cracking the Whip). Apart from this its an extended help sought from public (Secret Informers) & those who are interested in giving such help will definitely give it. Who doesn’t want worthy monetary rewards. Dont people take part in KBC (KAUN BANEGA CROREPATI GAME) & win those bounty with successful answering? When such things is not wrong , then what is wrong in this? Lets help the Govt & Country.

  1. Information about who gave “ inside info” will surely be let out by the corrupt staff who are everywhere. Just for 15.00 lakhs.. no one wishes for a horrific encounter with goons

    • You are correct. Then do we think it is easy for CBI or police personal too to encounter goons. How do we think they risk catching these people? Here the talk is for 15 laksh. But see there incomes? For some limited incomes they encounter the goons. That’s too risk for them. Yes but they trained to be daring men in uniform.
      I don’t intend to counter your thoughts.

  2. From When it will be active. Wat r the safety & security u wl provide to informer. As u know in each and every were their will be a leakage of information so their is a chance to get details of informer so Wat u wl take steps to maintain confidentiality.
    I’m also interested.
    This is the easy way to caught the benamidaries from the root level. Go head sir.

  3. Yes sir i am interested
    Tell me how to contact you.
    My life will be hell if they come to know. At least my family will be happy with those rewards
    Thank you

  4. Very intresting lets see what Mr Arun jetley initiates the decision on inhouse corruption to eliminate.

  5. Is there any reliable staffs are in CBDT? Hiw long will be the secret got maintain. I don’t believe in this.Today govt, law,court all are???

  6. Staff of IT department begging money from the tax chor , if u controll them i will inform benami sampatti malik , bade chor burocrates bhi ha

  7. What if IT official itself is a corrupt ?
    Our India is still developing not developed.
    Until n unless corrupt officers are operating in any organisation r any department.v vannot remove it from root level.

    1 r the other day the informer name will be revealed by corrupt officers itsellf.

    Guys plz dont get into this mess and dont dream about 1 crore.
    To claim that 1crore u hav to spend lakhs of Rs i think

    • You may be right in a way, but why should not we believe in what the Department says? Of course the Financy Ministry may be aware of it. Lets take our own time to give it a thought. Who knows v really may be lucky to earn the money with.

  8. Thank you sir, it’s very good act and I am interested to give you information about this matter if I will know strongly anyone…please give me your contact number or how to contact you…?

  9. What is the HAAL of RTI activists in the country. Same will happen with such informers. All the department are corrupted today.

  10. I will give those type of information. Right action to clean sweep of black money. As u know in each and every were their will be a leakage of information so their is a chance to get details of informer so Wat u wl take steps to maintain confidentiality. Please provide me how to contact you sir in chennai .

  11. SOME PERSONS MAY NOT LIKE TO HIDE THEIR IDENTITY.
    THERE IS TO BE CLEAR CUT GUIDELINES. IN MY VIEW THE PROPERTY MAY BE BENAMI, BUT THE INTERPRETATION OF THE GOVT OFFICIAL MAY BE DIFFERENT

  12. I will inform about some of the persons who have acquired a lot of wealth during service through curruption and nowadays are managing these illegal wealth.

  13. first identity of person who will kept information from peoples, if anyone give any information to government then it must chance to leak. afterthat persons gain affected result so fist issue the no & identity of handling committee who will take responce.

  14. No need to become informer. Govt.may save those reward money. It can be used for some grass root development. Just reqired wish & commitment to do this job and to start with
    1. All politicians.
    2 All government officers on the top.(CMD, EDs)
    3. All propery dealers.
    4. All jwellers.
    All big corporate houses (Directors)
    All Big lawyers
    ALL Charterd Accountants.

    After finishing all above job you need not required to give rewards to informers.

    Then REALY VIKAS GANDO THASE.

  15. Question is providing Information or not? The real issue is how the Government is going to protect the victim who helped the Government. The corrupted officials are the Government. Political Parties who is/will govern the state for 5/10 years in regular run. Whereas, corrupted officials are the real Government ruling India, since Independence. Hence, Government should come out with clear road map about the protection to protect the victim. Then, victimize can think about informing the truth.

  16. What people say is right. Now a day’s all govt offices are corrupted even though we all believe the income tax department is clean. I had raises a compliant about my X employer who has too much of wealth but cries out loud to pay salary month on month. I never got a response from any income tax officials even though I had marked the mailer to 90% of the officials across India. At last I raise a compliant in the Prime Ministers cell , even though I got a ref number I never saw a resolution. After 20 days I get a response that the case is been forwarded to the appropriate department which sounds unfair to a citizen of India. Case was closed and I was is me to raise a request or a greviance for the same ref number. Yesterday I’ve raised another query now let’s see what happens and how the income tax or Indian govt cell acts on it.

    Heavy hearted

    James

  17. Govt staff almost 80 present corruption staff to be dismiss, automatic country will grow middle man really suffering

  18. Govt staff almost 80 present corruption staff to be dismiss, automatic country will grow middle man really suffering but any how we want to support

  19. I have information of benami cash in USD in millions. I sent mail to ED but no reply. I received reply on RTI which say they only look into corruption. There is ambiguity whether the informer will get reward or it is just a gimmick. ED is supposed to take interest in benami cash holding abroad. Cash is also property.

  20. I know who has benami property but our Government cant not do any take any action against him because they are very powerful persons in our Indian Government.
    Government will also release him and i will be enemy of those persons sorry

    Thanks
    Farhan Choudhary

  21. If any body sold his property and keept the sale proceed in bank partly and rest cash in hand , not usingig to buy any new property .

    In that case where to inform , and how

  22. Good. Govt already knows many of them. Action should be initiated first against them irrespective of the posts they held and the political party they belong to. Govt should not target common people like it did in demonisation misadventure, leaving the big fishes scot free. Many have rightly shown the concern about leakage of info. We know the plight of whistleblowers and RTI activists. There is no protection mechanism in place to safeguard the lives of these activists and informers. Without adequate measures and systems to protect the informers and to catch the guilty, this system may be rendered ineffective.

  23. Whether An agent will be assigned by the Govt or Whoever wants can exercise the Role. So long My interest is concerned, I am ready to be a supporter.

  24. To protect the informers the government should appoint a trusted, transparent and clean hand one each person from each state and the information should go to him from the informers. He should provide one password no to the informer. That pass word carrier ask the information of the informer. In case any thing leaked out that single person is whole and sole responsible for it. Then the informers are happy with this arrangement and definitely department will get good lot of information.

  25. Catch all the corporaters ..konse govt department ke employees corrupt nahi..sabko sab pata he but govt ko nahi pata he ..jo jitna bada position pe utna jyada paise ka jhol but still they need help of a simple citizen to name them and den call trouble for themselves

  26. To protect the informers the government should appoint a trusted, transparent and clean hand one each person from each state and the information should go to him from the informers. He should provide one password no to the informer. That pass word carrier all the information of the informer. In case any thing leaked out that single person is whole and sole responsible for it. Then the informers are happy with this arrangement and definitely department will get good lot of information.

  27. Call it a gimmick, or a gruelling exercise in futility, I personally know of one Mr Murti Uphadaya, resident of Khar, Bombay, who informed the customs about smuggled goods some thirty years ago; and put a formal claim for the reward, which was in place during the nineteen eighties, he diligently perused the issue, till the ripe old age of mid eighties. He is now dissolutioned and now aborted the idea or any claim whatsoever. Whichever government, India is a country that cannot be trusted with its promises and commitments.

  28. is the policy of the Benami property applies only to the opposition party as we have seen that the BJP government is only targeting the opposition part and their financial supporters who are not loyle to the BJP as this government only intrested in cleaning the backyard of opposite party and their supporters and is doing noting to clean their own backyard.we can make better sence when you start getting your own MLA’s /ministers/and buretaucruts then it will be worth to be part of the porcess of cleaning the system only then will i be happy to work with the government ,and its insitute.

  29. HOPE the govt will confiscate , sell off those assets and lower property prices. If govt keeps alssets it will e anotber disaster like Air India.

  30. Of course we can inform you but how can the govt assure our security and how this act of confiscating benami sampti will not get corrupted or misued by people inside it. I think bigger whale will again escape by managing the department.

  31. Great way to book d corrupted. I would appreciate I d department initiates immediate action on information shared from unanimous ly I don’t require d price money if corrupt are booked that’s more than price money. This way neither d informer has the fear of exposure nor fear for his life

  32. All taxation authorities should be made owner to ensure that big functions of birthday, marriages, party organised in their areas under jurisdiction are properly accounted for, but in reality it is never done and everything is being managed at each and every sphere. If for each and every crime in an area the Superintendent of Police of that area is made accountable upfront for that, crime rate will come down heavily without any extra effort or cost because in that circumstance, all the officials working under him will discharge their duties religiously. Similar process should be adopted for each and every department of the Govt.

  33. I KNOW SOME PERSON NAME,THOSE PEOPLE COLLECT LOTS OF BENAMI PROPERTY,I AM SENDING TO YOU THOSE GUYS NAME BUT YOU WILL SEND ME YOUR CONTACT NO.

  34. Is there any reliable staffs are in CBDT? How long will be the secret got maintain. to whome i should believe in this, I have details, can i get proper contact details

  35. Whether property movable or immovable acquired by unfair means would come under this Act.However a laudable step. Samar kr Biswas

  36. JAI HIND,
    I LOVE MY INDIA, I am also ready to giving correct information kindly share me contact number.

  37. Very intresting…….
    The right decision on inhouse corruption to eliminate.

    Please arrange contact no……..

  38. Any one want to disclose Benami Transaction please take first Term plan of Rs. 1cr. Definately he will get Rs. 1cr either from govt or Insurance cos.

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