<h1>India Issues Rules for Declaring Undisclosed Foreign Assets: Deadlines, Valuation, and Confidentiality u/s 67 Explained.</h1> The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules 2015 were notified, outlining the process for declaring undisclosed foreign assets. The rules specify forms, valuation methods for assets, and deadlines for declarations and tax payments. The deadline for declaring undisclosed foreign assets is September 30, 2015, and for paying taxes and penalties is December 31, 2015. Declarations must be made to designated tax authorities, with confidentiality assured under Section 67 of the Act. Clarifications and FAQs have been issued to address public queries, as stated by the Minister of State for Finance.