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Notification of Black Money Rules and issue of Explanatory Circular for Compliance Window under Black Money Act

Dated:- 4-7-2015 - The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 (the Rules) have been notified vide notification no. G.S.R. 529 (E) dated 02-07-2015. These Rules provide the method of determination of Fair Market Value of an undisclosed foreign asset. The declaration under Section 59 of the Act may be filed on or before 30.09.2015 in Form 6 appended to the Rules before the designated Commissioner of Income Tax. The Commissioner of Income Tax (Internat .....

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