Law Relating to Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015

This book is a complete guide to all matters pertaining to the law and critical issues relating to Black Money (Undisclosed Foreign Income and Assets) and the Imposition of Tax Act 2015 (Black Money Act).

The Present Publication is the 2^nd Edition and has been amended up to April 2023. This book is authored by Dr Raj K. Agarwal & Dr Rakesh Gupta. It features discussion on the following topics:

• [Why a Separate Law] has been enacted for Undisclosed Foreign Income and Assets
• [Applicability & Scope] of the Black Money Act
• [Obligations of Ordinarily Resident] in cases of foreign income and assets
• [Critical Analysis] of the following:
  • Assessment & Re-assessment of undisclosed foreign income and assets
  • Penalties & Prosecution for offences
• [Detailed Analysis of Valuation Rules] under Black Money Act
• [Analysis of Case Laws] relating to Black Money Act

The detailed contents of the book are as follows:

• Introduction
• Applicability & Definitions | Sections 1 & 2
• Charge, Scope & Computation of Total Undisclosed Foreign Income Asset | Sections 3, 4 & 5
• Tax Authorities | Sections 6 to 9
• Assessment | Sections 10 to 14
• Appeal & Revision | Sections 15 to 29
• Recovery of Tax & Interest | Sections 30 to 40
• Penalties | Sections 41 to 47
• Prosecution | Sections 48 to 58
• Declaration Scheme | Sections 59 to 72
• General Provisions | Sections 73 to 88
• Valuation