Black money (undisclosed foreign income and assets) and imposition of tax Act 2015 enacted.
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 is an Act of the Parliament of India. It aims to curb black money, or undisclosed foreign assets and income and imposes tax and penalty on such income. The Act has been passed by both the Houses of the Parliament. The Act has received the assent of the President of India on 26 May 2015.[1][2] It came into effect from 1 July 2015. [...] See also [edit]References [edit]- ^ "Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015" (PDF). 26 May 2015. Retrieved 29 May 2015. [...] - ^ a b c d e f g h "BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015;". www.incometaxindia.gov.in. Retrieved 7 September 2018.