A deep dive into the Benami law

The term Benami is used in Persian language meaning “nameless” or “without name”, and it is a widely used expression which, in common parlance, is used to define an asset whose real beneficiary is unknown or is not the one in whose name transaction is made or the property is purchased. In English language, Benami means anonymous and according to Law Lexicon Dictionary anonymous means “not named or identified”.The term Benami is used in Persian language meaning “nameless” or “without name”, and it is a widely used expression which, in common parlance, is used to define an asset whose real beneficiary is unknown or is not the one in whose name transaction is made or the property is purchased. In English language, Benami means anonymous and according to Law Lexicon Dictionary anonymous means “not named or identified”.taxmann.com Latest ArticlesRead More

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