https://www.taxtmi.com/news?id=16911 The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 establishes stringent tax, penalty and prosecution provisions for undisclosed foreign income and assets and classifies wilful attempts to evade tax in relation to such assets as a Scheduled Offence under the Prevention of Money laundering Act, enabling attachment and confiscation of proceeds and strengthening legal grounds for enforcement and recovery. en-us Tue, 22 Nov 2016 18:19:19 +0530 Tue, 22 Nov 2016 18:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16911 The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 establishes stringent tax, penalty and prosecution provisions for undisclosed foreign income and assets and classifies wilful attempts to evade tax in relation to such assets as a Scheduled Offence under the Prevention of Money laundering Act, enabling attachment and confiscation of proceeds and strengthening legal grounds for enforcement and recovery. News - Tue, 22 Nov 2016 18:19:19 +0530 https://www.taxtmi.com/news?id=16911