Saturday, 25 April 2015

A Comment on probable changes to Benami Definition

My Comment on an article "Benami definition to go stricter, may include only wife, unmarried daughter" published in the Dated 25/04/2015 at 2:45 pm.

"This will be a good amendment to the laws, if takes place, for preventing black money misuse to evade taxes. 

I think, even the spouse or unmarried daughters should be unemployed to get this benefit. 
The main purpose should be to facilitate utter needy and helpless people who can get some shelter or earn their living with this clause.

It would be better, if it is totally removed and only legal transactions are allowed. Benami transactions will be a loss to our economy as no fees are involved in such transactions."

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