This book analyses the legal provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Act) in a concise and precise manner, without tampering with the intent and spirit of the law.

The Present Publication is the Latest 2023 Edition, authored by Gaurav Jain and Shubham Gupta. The book features discussion on the following topics:

• [Object and Purpose] of the Black Money Act

• [Comprehensive Analysis of the Black Money Act] along with Case Laws, Circulars & Notifications issued by the CBDT

• [Interplay between Black Money Act & Income Tax Act] has been presented in the book

• [Analysis of Black Money Act] including the following:

o New & Novel Terms in Black Money Act, including

§ Undisclosed Foreign Asset

§ Undisclosed Foreign Income

§ Assessee

§ Beneficial Ownership

o Provisions of Assessment, Reassessment, Penalties & Prosecution

o Offences made out in the Black Money Act

o Amendments & its Purpose bought in the Black Money Act

o Retrospective/Retroactive Application of the provisions of the Black Money Act and cases that are pending adjudication

The detailed contents of the book are as follows:

• Preliminary

• Basis of Charge

• Tax Management

• Penalties

• Offences and Prosecution

• Tax Compliance for Undisclosed Foreign Income and Assets

• General Provisions

• Miscellaneous Provisions