Non-application of Scheme.

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....ending under the Prevention of Money-laundering Act, 2002 (15 of 2003); or (b) any income or asset relating to an assessment year for which assessment proceedings have been completed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015). - Clauses 114 to 128 of the Bill seeks to insert a new Chapter relating to the Foreign Assets o....

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....ified monetary thresholds and conditions; (e) the provisions relating to the manner, form and verification of the declaration and the circumstances in which such declaration shall be deemed invalid; (f) the provisions relating to electronic verification of declarations, determination of the amount payable, time limits for payment, levy of interest for delayed payment and issuance....