Law Relating to Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015

AS Amended by Finance Act 2022


(FCA, FCS, ACMA, MBA, LL.B, M.Com, LL.M, Ph.D)

This book is a complete treatise on the Black Money Act. It features discussions on the applicability, scope, obligations, critical analysis, etc. The discussion has been supplemented by Case Laws relating to the Black Money Act.

About the Book

This book is a complete guide to all matters pertaining to the law and critical issues relating to Black Money (Undisclosed Foreign Income and Assets) and the Imposition of Tax Act 2015 (Black Money Act).

The Present Publication is the Latest Edition, authored by Dr Raj K. Agarwal & Dr Rakesh Gupta, and amended by the Finance Act 2022. The book features discussion on the following topics:

  • [Why a Separate Law] has been enacted for Undisclosed Foreign Income and Assets
  • [Applicability & Scope] of Black Money Act
  • [Obligations of Ordinarily Resident] in cases of foreign income and assets
  • [Critical Analysis] of the following:
    •  Assessment & Re-assessment of undisclosed foreign income and assets
    •  Penalties & Prosecution for offences
  • [Detailed Analysis of Valuation Rules] under Black Money Act
  • [Analysis of Case Laws] relating to Black Money Act

The detailed contents of the book are as follows:

  • Introduction
  • Applicability & Definitions | Sections 1 & 2
  • Charge, Scope & Computation of Total Undisclosed Foreign Income Asset | Sections 3, 4 & 5
  • Tax Authorities | Sections 6 to 9
  • Assessment | Sections 10 to 14
  • Appeal & Revision | Sections 15 to 29
  • Recovery of Tax & Interest | Sections 30 to 40
  • Penalties | Sections 41 to 47
  • Prosecution | Sections 48 to 58
  • Declaration Scheme | Sections 59 to 72
  • General Provisions | Sections 73 to 88
  • Valuation


Publisher: Taxmann Publications Pvt. Ltd.; 2022 Edition edition (2022)
Publication Year: 2022
Format: Paperback
Length: 300
ISBN: 9789356220560
Rating: ★ ★ ★ ★ ★

Disclosure of Material Connection: Some of the links in the page above are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”