evidence: Embarking on an exploration of the Black Money Act, 2015 (BMA), this article navigates through 25 crucial FAQs, unraveling the intricacies of Undisclosed Foreign Income and Assets (UFIA). From the foundational understanding of BMA’s genesis to the comprehensive constitution of seven chapters and 88 sections, we delve into the meaning of UFIA, financial interests abroad, special features, applicability, and the roles of taxpayers. Throughout, we decipher the chargeability of income tax, allowance of expenditures, and set-off losses. This comprehensive guide aims to demystify the BMA, 2015, providing clarity on its implications and intricacies for individuals navigating the landscape of undisclosed foreign income and assets. [...] (1) This Act may be called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. [...] In the Prevention of Money-laundering Act, 2002, in the Schedule, in Part C, after entry (3), relating to the offences against property under Chapter XVII of the Indian Penal Code, the following entry shall be inserted, namely:— "(4) The offence of wilful attempt to evade any tax, penalty or interest referred to in section 51 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.".