<h1>Government Targets Black Money via 2015 Act, Tax Treaties, and International Cooperation; Accurate Estimation Remains Challenging.</h1> The term 'black money' is not defined in Indian tax laws, but the government actively pursues undisclosed income through various measures. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, targets undisclosed foreign assets, with significant tax demands and prosecutions initiated. The government collaborates internationally through tax treaties and organizations like the Egmont Group to exchange financial intelligence. Despite efforts, there is no official estimate of black money in India. Studies on unaccounted wealth have been conducted, but credible estimation remains challenging, as noted in a 2019 report by the Standing Committee on Finance.