CG notified 30-09-2015 & 31-12-2015 as the dates for make a declaration in respect of an undisclosed asset located outside India and to pay the tax and penalty in respect of the undisclosed asset located outside India so declared, respectively. - 57/2015 - Income Tax

Declaration deadline for undisclosed foreign assets established; subsequent mandatory tax and penalty payment deadline specified under the Act.

Appointment of statutory deadlines under the Black Money Act prescribes a final date by which a person may declare an undisclosed asset located outside India and a subsequent final date by which the declarant must pay the tax and penalty due in respect of that declared undisclosed foreign asset.