Asset value threshold exclusion narrows the Act's scope, exempting low value non immovable foreign assets from specified provisos. Amendment substitutes the provisos to two provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 so that, with effect from 1 October 2024, those provisions shall not apply to any asset or aggregate of assets (other than immovable property) where the aggregate value of such asset or assets does not exceed a specified monetary threshold.