Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 Chapter VI TAX COMPLIANCE FOR UNDISCLOSED FOREIGN INCOME AND ASSETS
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Undisclosed foreign assets declared under the statute are subject to a 30% tax on value at commencement. A special 30% tax applies to undisclosed foreign assets declared under the statute's disclosure mechanism, calculated on the asset's value as measured on ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Undisclosed foreign assets declared under the statute are subject to a 30% tax on value at commencement.
A special 30% tax applies to undisclosed foreign assets declared under the statute's disclosure mechanism, calculated on the asset's value as measured on the Act's commencement date and overriding general Income-tax and Finance Act provisions.
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