evidence: Features and details of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, commonly known as the Black Money Act, was introduced by the Government of India to combat the challenge of black money, specifically focusing on foreign income and assets that have not been disclosed by Indian residents. This Act represents a significant step towards ensuring financial transparency and addressing tax evasion. Below is a comprehensive overview of the Act’s features, including its effective date and detailed provisions. [...] The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, represents a significant step by the Indian government towards combating black money and enhancing financial transparency. By targeting undisclosed foreign income and assets, the Act aims to curb tax evasion, increase revenue mobilization, and improve India’s global standing.