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<h1>Understanding 'Value of an Undisclosed Asset' in Black Money Act: Key Definitions in Sections 2(14) and 3(2)</h1> The 'Value of an Undisclosed Asset' under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 is defined in Section 2(14) and further detailed in sub-section (2) of Section 3. It refers to the fair market value of an asset, including any financial interest in an entity, as determined by prescribed methods. This definition is crucial for assessing the tax implications of undisclosed foreign income and assets under Indian law.