Deb34532ed (Self employed ) 11 January 2026
Son pays car dealer through netbanking from his bank account on behalf of his father who bought the car as his father didn't have netbanking, as a family arrangement, father and son already had joint FD before the purchase by which son was already compensated.
Will this transaction attract Prohibition of Benami Transaction Act?
P. Venu (Advocate) 11 January 2026
What is the context for this query?
Deb34532ed (Self employed ) 11 January 2026
Just asking if this type of transaction does violate any provision of prohibition of benami transaction Act.
Dr. J C Vashista (Advocate ) 12 January 2026
No, such transaction do not attract the provisions of Benami Trasaction Act, 2016, which you might have gone through before posting such question paper.
Advocate Bhartesh goyal (advocate) 12 January 2026
Yes, said transaction does not comes under the purview of Benami Transaction.
T. Kalaiselvan, Advocate (Advocate) 13 January 2026
The law of benami transaction prohibition act will not be attracted in the circumstances you have described here.
Deb34532ed (Self employed ) 15 January 2026
Can you state why...?
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