The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

This edition of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Act 22 of 2015), effective from 1-4-2016, provides an accurate and up-to-date bare act reference for students, tax professionals, and legal practitioners dealing with undisclosed foreign income and assets. Updated to reflect the law as applicable in 2026, this publication ensures complete statutory correctness and contemporary relevance.

The book presents the bare text of the Act as enacted by Parliament, with short comments where indicated, making it suitable for examination purposes as well as practical legal and professional use. It maintains clarity and precision by reproducing the statutory provisions without extensive interpretation.

Along with the principal Act, this edition includes essential allied material for effective understanding and application, including:
• The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015
• Explanatory notes on provisions relating to tax compliance for undisclosed foreign income and assets as provided in Chapter VI of the Act
• Clarifications on tax compliance requirements for undisclosed foreign income and assets
• Relevant extracts from connected statutory provisions

The content comprehensively covers charge of tax on undisclosed foreign income and assets, assessment and procedure, penalties and prosecution, voluntary compliance provisions, recovery mechanisms, and obligations of taxpayers in relation to foreign assets.

This edition is particularly suitable for:
• Chartered accountants, tax consultants, and financial advisors
• Advocates and professionals handling tax litigation and compliance matters
• Academicians and researchers in taxation and financial law

Whether used for academic study, professional practice, or statutory compliance, this updated 2026 edition delivers a reliable and authoritative legislative text of the Black Money Act, 2015, along with its allied rules and statutory materials.