Definitions.

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.... (ii) being a non-resident or not ordinarily resident in India within the meaning of clause (6) of section 6 of the said Act in the previous year, who was resident in India either-- (A) in the previous year to which the income referred to in section 4 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015) relates; or (B) in ....

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....have the same meaning as assigned to it in clause (34) of section 2 of the Income-tax Act, 1961 (43 of 1961); (j) "undisclosed asset located outside India" means an asset (including financial interest in any entity) located outside India, held by the assessee in his name or in respect of which he is a beneficial owner, and he has no explanation about the source of investment in such asset....

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....114 to 128 of the Bill seeks to insert a new Chapter relating to the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026. The Chapter, inter alia, provides-- (a) the short title and commencement of the Scheme and the date from which it shall come into force; (b) the definitions of certain expressions relating to "assessee", "assessment", "assessment year", "Board", "decl....

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....t payable, time limits for payment, levy of interest for delayed payment and issuance of certificate evidencing payment; (g) the provisions relating to non-inclusion of income or assets declared under the Scheme in the total income of the declarant and the effect of such declaration on pending assessment proceedings; (h) the provisions relating to non-refund of any amount paid un....