https://www.taxtmi.com/circulars?id=54196 The press release summarises declarations under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, noting a one time compliance window closed on 30 September 2015 during which 644 declarations were filed. Declarants were required to pay tax at 30 percent and an equal penalty by 31 December 2015. The release records receipts of tax and penalty up to 31 December 2015 and attributes a shortfall primarily to prior information under Double Taxation Avoidance Agreements/Tax Information Exchange Agreements and to payments made after the deadline. en-us Wed, 06 Jan 2016 00:00:00 +0530 Wed, 06 Jan 2016 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54196 The press release summarises declarations under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, noting a one time compliance window closed on 30 September 2015 during which 644 declarations were filed. Declarants were required to pay tax at 30 percent and an equal penalty by 31 December 2015. The release records receipts of tax and penalty up to 31 December 2015 and attributes a shortfall primarily to prior information under Double Taxation Avoidance Agreements/Tax Information Exchange Agreements and to payments made after the deadline. Circulars Income Tax Wed, 06 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54196