Reporting of Benami Property / Black Money / Tax Evasion ROKADH Financial Services Private Limited

Financial Compliance

Reporting of Benami Property / Black Money / Tax Evasion

Confidential reporting mechanisms to combat financial fraud and ensure
transparent property transactions and tax compliance.

Reporting of Benami Property under the Prohibition of Benami Property Transactions Act, 1988

Benami property refers to assets purchased in the name of another person where the consideration is paid by someone else. To combat this, the Prohibition of Benami Property Transactions Act, 1988 empowers authorities to seize such properties and penalize offenders. Any person can confidentially report suspected benami transactions to the Income Tax Department's Investigation Wing or designated authority in their area. The report must include property details, names of involved parties, and supporting evidence if available. Successful detection can result in confiscation and penalties under the Act.

Features

Applicable to immovable and movable properties

Offenders face imprisonment and heavy penalties

Any person can report suspected transactions

Reports are kept strictly confidential

Reporting can be done via Investigation Directorate

Seizure and confiscation of benami property is allowed

Anonymous tips can be reviewed with discretion

Helps ensure property transactions remain transparent

Reporting Black Money under the Black Money Act, 2015

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 targets Indian residents holding undeclared foreign assets. Individuals can report such violations to the Directorate of Investigation or through official Income Tax portals. Reports should ideally include details such as overseas bank accounts, properties, and shell entities. The Act allows for rigorous imprisonment and penalties up to 300% of the tax. The department assures whistleblower confidentiality and may act on credible leads. Accurate reporting strengthens the framework against illicit wealth parked abroad.

Features

Applicable to undisclosed foreign assets by Indian residents

Penalties up to 300% of tax and imprisonment

Report through IT department or Black Money portal

Anonymous reporting permitted

Covers bank accounts, properties, companies abroad

Investigation handled by Directorate of Investigation

Disclosure window was earlier provided under compliance

Enforced under a dedicated and separate taxation law

Reporting Tax Evasion under the Income Tax Act, 1961

Tax evasion includes hiding income, false deductions, fake invoices, and undisclosed assets. Citizens can report such malpractices to the Income Tax Department online using the "E-filing" portal or offline via the Investigation Directorate. The complaint should mention PAN, entity name, nature of evasion, and available evidence. If verified, the department may initiate assessment, search, or prosecution proceedings. While anonymous complaints are allowed, including one's identity helps in follow-up. Genuine information assists in curbing evasion and protecting honest taxpayers.

Features

Covers all forms of domestic tax evasion

Report via e-portal or offline channels

PAN and party name improves report credibility

Anonymous or identified submissions allowed

Strong penalties and prosecution for offenders

Prompt action if material evidence is submitted

Department follows secrecy norms for reporters

Public can support clean tax administration

Using the e-Portal or Email Channels for Confidential Reporting

The Income Tax Department offers multiple platforms for securely reporting tax violations, including benami holdings, black money, or tax evasion. Users can visit https://www.incometax.gov.in and access the "Submit Tax Evasion Petition" feature under the 'Complaints' section. Alternatively, reports can be submitted to designated email IDs or to Investigation Directorates across India. The platform ensures identity protection, allows attachments of proof, and tracks reporting. Individuals can contribute towards a more transparent system while being assured of confidentiality and departmental follow-up.

Features

Reports accepted via portal, email, or physical submission

https://www.incometax.gov.in offers secure complaint filing

Identity is kept confidential by law

Option to attach documents, screenshots, or statements

Investigation routed through jurisdictional offices

Some regions have reward schemes for credible reports

System tracks and records complaints internally

Available to individuals, professionals, and organizations

Type of Reporting & Applicable Law

Type of Violation	Applicable Law	Who Can Report	Reporting Platform
Benami Property	Prohibition of Benami Property Transactions Act, 1988	Any Individual	Investigation Directorate / Local I-T Office
Black Money (Foreign Assets)	Black Money (Undisclosed Foreign Income and Assets) Act, 2015	Resident Indians	Black Money Cell / Investigation Directorate
Domestic Tax Evasion	Income Tax Act, 1961	Any Citizen	Income Tax Portal / Email / Physical Complaint
Anonymous/General Complaint	As per respective applicable law	Any Person (even anonymous)	incometax.gov.in

Contribute to Financial Transparency

Your confidential reports help combat financial fraud and ensure transparent transactions. The Income Tax Department ensures complete confidentiality for whistleblowers.

Report Now