The Black Money (Undisclosed Foreign Income And Assets) And Imposition Of Tax Act,2015

This publication presents the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 in an updated bare act format supplemented with explanatory comments, rules, and notifications. It incorporates amendments introduced by the Finance (No. 2) Act, 2024, ensuring alignment with the latest statutory framework governing undisclosed foreign income and assets. The book offers a clear and structured presentation of provisions relating to taxation, penalties, prosecution, and compliance under the Act.

Key Features

• Updated statutory text of the Black Money Act, 2015 with recent amendments
• Inclusion of relevant rules and notifications for comprehensive reference
• Concise comments explaining key provisions, penalties, and procedures
• Coverage of landmark judicial decisions interpreting the Act
• Supreme Court guidelines relevant to enforcement and compliance
• User-friendly layout for quick statutory consultation

This publication functions as a dependable statutory reference for practitioners and professionals dealing with taxation, economic offences, and regulatory compliance. It supports accurate interpretation and application of the law relating to undisclosed foreign income and assets within India’s tax enforcement framework.