Examveda
Examveda

The distinction between benami and sham transactions is that

A. In benami transaction the real owner pays the consideration and purchases the property in the name of another and in the sham transaction the executor of the sale deed has no intention to convey the property

B. In benami transaction the other person pays the consideration and the real owner purchases the property in his name and in the sham transaction the executor of the sale deed has intention to convey the property

C. In the benami transaction there is no intention to convey the property but in sham transaction there is intention to convey the property

D. None of the above is correct

Answer: Option A


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