https://www.taxtmi.com/acts?id=53946 Amendment of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 inserts provisos in sections 49 and 50 with effect from 1 October 2024. The provisions in those sections will not apply to an asset or assets, other than immovable property, where the aggregate value does not exceed twenty lakh rupees. The amendment introduces a threshold-based exclusion for specified foreign assets, while immovable property remains outside the exemption. en-us Tue, 31 Mar 2026 16:06:44 +0530 Tue, 31 Mar 2026 16:06:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53946 Amendment of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 inserts provisos in sections 49 and 50 with effect from 1 October 2024. The provisions in those sections will not apply to an asset or assets, other than immovable property, where the aggregate value does not exceed twenty lakh rupees. The amendment introduces a threshold-based exclusion for specified foreign assets, while immovable property remains outside the exemption. Act-Rules F. Acts / Amendment Acts Tue, 31 Mar 2026 16:06:44 +0530 https://www.taxtmi.com/acts?id=53946