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Declarations and payments made under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015

Income Tax - Press Release - Dated:- 6-1-2016 - Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 6th January, 2016 Subject: - regarding. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 came into force with effect from 1st July, 2015. The Act provided for a one time compliance window to declare assets held abroad and pay due taxes and penalty on the value of assets declared. A total of 644 .....

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