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        Direct Taxes

        Section 58 - Punishment for second and subsequent offences.

        Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
        Chapter V
        OFFENCES AND PROSECUTIONS

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        Second-time offenders under the Black Money Act face rigorous imprisonment three to ten years and fines five lakh to one crore. Second and subsequent convictions under sections 49-53 carry rigorous imprisonment of not less than three years and up to ten years, and a fine of not less than five lakh rupees and up to one crore rupees for each repeat offence relating to undisclosed foreign income and assets.
                        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.
                          Provisions expressly mentioned in the judgment/order text.

                              Second-time offenders under the Black Money Act face rigorous imprisonment three to ten years and fines five lakh to one crore.

                              Second and subsequent convictions under sections 49-53 carry rigorous imprisonment of not less than three years and up to ten years, and a fine of not less than five lakh rupees and up to one crore rupees for each repeat offence relating to undisclosed foreign income and assets.


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