<h1>Indian Authorities Tax Rs. 8,200 Crore in Undisclosed Income from HSBC Accounts, Enforce Black Money Act 2015.</h1> The Indian government obtained information about 628 individuals holding accounts in HSBC Switzerland from France under a tax treaty. By August 2016, investigations led to the taxation of Rs. 8,200 crore in undisclosed income, penalties of Rs. 1,285 crore, and 164 criminal prosecutions. To combat black money abroad, the Black Money Act of 2015 was enacted, allowing for stricter penalties and asset confiscation. A compliance window in 2015 revealed Rs. 4,164 crore in undisclosed assets, collecting Rs. 2,476 crore in taxes and penalties. Additional measures include forming investigation teams, enhancing international cooperation, and using technology to improve tax compliance.