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<h1>Undisclosed Asset Abroad: Defined under Section 2(11) of Black Money Act 2015, lacking explanation for investment source.</h1> An 'Undisclosed Asset Located Outside India' under Section 2(11) of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, refers to any asset, including financial interests in entities, situated outside India. It is held by an individual either in their name or as a beneficial owner, without a satisfactory explanation for the source of investment, as determined by the Assessing Officer.