evidence: But why is Suvit, an accounting automation tool, delving into this topic? Here’s the twist: Suvit isn’t just about numbers and ledgers. It’s about empowering businesses, unraveling complexities, and ensuring financial integrity. As we explore the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, we wear our digital spectacles, analyzing data, patterns, and anomalies. [...] The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 emerged as a response to a pressing problem: the expansion of undisclosed wealth beyond national borders. But when did this legal movement against black money begin? [...] The Act, officially known as the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, came into force on a specific date—1st July 2015. Its scope extends beyond Indian borders, targeting undisclosed foreign income and assets held by Indian residents. This ambitious legislation aimed to plug the leakages in the tax system and ensure that no wealth remained hidden from scrutiny.