https://www.taxtmi.com/news?id=17444 Disclosure activity under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 increased during the one-time compliance window resulting in multiple disclosures and tax and penalty recoveries. The Government's response combines investigative bodies, international information-exchange arrangements including Automatic Exchange of Information and FATCA, targeted domestic legislation, amendments enabling attachment and confiscation of equivalent domestic property, and prioritisation of investigation and prosecution. en-us Tue, 07 Feb 2017 17:05:31 +0530 Tue, 07 Feb 2017 17:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17444 Disclosure activity under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 increased during the one-time compliance window resulting in multiple disclosures and tax and penalty recoveries. The Government's response combines investigative bodies, international information-exchange arrangements including Automatic Exchange of Information and FATCA, targeted domestic legislation, amendments enabling attachment and confiscation of equivalent domestic property, and prioritisation of investigation and prosecution. News - Tue, 07 Feb 2017 17:05:31 +0530 https://www.taxtmi.com/news?id=17444