What is a ‘benami’ transaction or ‘benami’ property, we often hear this word in news paper and in media reports?

Question

"History" ",Politics," "independence," Finance, population

Answer 1

When you buy a property in the name of fictitious person(institution) it is called benami property similarly a transaction between a fictitious person(institution) and a real person is called benami Transaction. Remember religious bodies and deities are not fictitious person(institution).