Download The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 NOTES PDF

Download The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 notes pdf is free and available here. People who are searching for the book काले धन (अघोषित विदेशी आय और संपत्ति) और कर अधिनियम 2015 का प्रभाव can find here. In this we have given all the reference books and book authors and topics and contents about the Book The Black Money and Imposition of Tax Act 2015. Also given links to Download The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 book pdf in this web portal.

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Download The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 book pdf

Download The Black Money Undisclosed Foreign Income and Assets and Imposition of Tax Act 2015 book pdf in legislative department websites and in other web portals. Black money means income illegally obtained or not declared for tax purposes. It is an  Act of the Parliament of India. It aims to curb black money, or undisclosed foreign assets and income and imposes tax and penalty on such income. Click the below links and know more about the topic.

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

An Act to make provisions to deal with the problem of the Black money that is undisclosed
foreign income and assets, the procedure for dealing with such income and assets and to
provide for imposition of tax on any undisclosed foreign income and asset held outside India
and for matters connected there with or incidental there to the Act has been passed by the Parliament. The Act has received the assent of the President of India on 26 May 2015. It came into effect from 1 July 2015. Here we have given some important books for The Black Money Act 2015.

Sl. NoBook NameAuthorPublication
1.Black Money (Undisclosed Foreign Income and assets) and Imposition of Tax Act, 2015UniversalUniversal Publishing
2.Black Money ( Undisclosed Foreign Income And Assets ) And Imposition Of Tax Act, 2015 With Rules & FormsGirish Ahuja & Ravi Gupta Edition : 2015Bharat Law House
3.The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 and Rules, 2015Asian LawAsian Law House
4.Black Money (Undisclosed Foreign Income and assets) and Imposition of Tax Act, 2015Professional’sProfessional Law Publishers

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 book is applicable for

  • B.B.A LLB
  • B.A
  • L.L.M
  • C.S
  • Lawyers
  • Legal Individuals
  • LLB
  • ACMA
  • B.A LLB
  • Legal Advisers

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

CHAPTER I – PRELIMINARY

SECTIONS

  1. Short title, extent and commencement.
  2. Definitions.

CHAPTER II – BASIS OF CHARGE

  1. Charge of tax.
  2. Scope of total undisclosed foreign income and asset.
  3. Computation of total undisclosed foreign income and asset.

CHAPTER III – TAX MANAGEMENT

  1. Tax authorities.
  2. Change of incumbent.
  3. Powers regarding discovery and production of evidence.
  4. Proceedings before tax authorities to be judicial proceedings.
  5. Assessment.
  6. Time limit for completion of assessment and reassessment.
  7. Rectification of mistake.
  8. Notice of demand.
  9. Direct assessment or recovery not barred.
  10. Appeals to the Commissioner (Appeals).
  11. Procedure to be followed in appeal.
  12. Powers of Commissioner (Appeals).
  13. Appeals to Appellate Tribunal.
  14. Appeal to High Court.
  15. Case before High Court to be heard by not less than two Judges.
  16. Appeal to Supreme Court.
  17. Hearing before Supreme Court.
  18. Revision of orders prejudicial to revenue.
  19. Revision of other orders.
  20. Tax to be paid pending appeal.
  21. Execution of order for costs awarded by Supreme Court.
  22. Amendment of assessment on appeal.
  23. Exclusion of time taken for obtaining copy.
  24. Filing of appeal by tax authority.
  25. Recovery of tax dues by Assessing Officer.
  26. Recovery of tax dues by Tax Recovery Officer.
  27. Modes of recovery of tax dues.
  28. Tax Recovery Officer by whom recovery of tax dues is to be effected.
  29. Recovery of tax dues in case of a company in liquidation.
  30. Liability of manager of a company.
  31. Joint and several liability of participants.
  32. Recovery through State Government.
  33. Recovery of tax dues in pursuance of agreements with foreign countries or specified territory.
  34. Recovery by suit or under other law not affected.
  35. Interest for default in furnishing return and payment or deferment of advance tax.

CHAPTER IV – PENALTIES

  1. Penalty in relation to undisclosed foreign income and asset.
  2. Penalty for failure to furnish return in relation to foreign income and asset.
  3. Penalty for failure to furnish in return of income, an information or furnish inaccurate particulars about an asset (including financial interest in any entity) located outside India.
  1. Penalty for default in payment of tax arrear.
  2. Penalty for other defaults.
  3. Procedure.
  4. Bar of limitation for imposing penalty.

CHAPTER V – OFFENCES AND PROSECUTIONS

  1. Chapter not in derogation of any other law or any other provision of this Act.
  2. Punishment for failure to furnish return in relation to foreign income and asset.
  3. Punishment for failure to furnish in return of income, any information about an asset (including financial interest in any entity) located outside India.
  1. Punishment for willful attempt to evade tax.
  2. Punishment for false statement in verification.
  3. Punishment for abetment.
  4. Presumption as to culpable mental state.
  5. Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner.
  1. Offences by companies.
  2. Proof of entries in records of documents.
  3. Punishment for second and subsequent offences.

CHAPTER VI – TAX COMPLIANCE FOR UNDISCLOSED FOREIGN INCOME AND ASSETS

  1. Declaration of undisclosed foreign asset.
  2. Charge of tax.
  3. Penalty.
  4. Manner of declaration.
  5. Time for payment of tax.
  6. Undisclosed foreign asset declared not to be included in total income.
  7. Undisclosed foreign asset declared not to affect finality of completed assessments.
  8. Tax in respect of voluntarily disclosed asset not refundable.
  9. Declaration not admissible in evidence against declarant.
  10. Declaration by misrepresentation of facts to be void.
  11. Exemption from wealth-tax in respect of assets specified in declaration.
  12. Applicability of certain provisions of Income-tax Act and of Chapter V of Wealth-tax Act.
  13. Chapter not to apply to certain persons.
  14. Removal of doubts.

CHAPTER VII – GENERAL PROVISIONS

  1. Agreement with foreign countries or specified territories.
  2. Service of notice generally.
  3. Authentication of notices and other documents.
  4. Notice deemed to be valid in certain circumstances.
  5. Appearance by approved valuer in certain matters.
  6. Appearance by authorized representative.
  7. Rounding off of income, value of asset and tax.
  8. Cognizance of offences.
  9. Assessment not to be invalid on certain grounds.
  10. Bar of suits in civil courts.
  11. Income-tax papers to be available for purposes of this Act.
  12. Application of provisions of Income-tax Act.
  13. Power to make rules.
  14. Power to remove difficulties.
  15. Amendment of section 2 of Act 54 of 1963.
  16. Amendment of Act of 15 of 2003.

List of Reference Books on The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015

Here we have given some reference books for The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015. Download The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 book pdf links provided in second paragraph. The following list is arranged in sequence for convenience – Name of the book, Author, Edition, Publication etc.

  1. Black Money (Undisclosed Foreign Income and assets) and Imposition of Tax Act, 2015 – Universal Publishing
  2. Black Money ( Undisclosed Foreign Income And Assets ) And Imposition Of Tax Act, 2015 With Rules & Forms  – Girish Ahuja & Ravi Gupta Edition : 2015 – Bharat Law House
  3. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 and Rules, 2015 – Asian Law House
  4. Black Money (Undisclosed Foreign Income and assets) and Imposition of Tax Act, 2015 – Professional Law Publishers

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In this article we have provided all the information about Black Money (Undisclosed Foreign Income and assets) and Imposition of Tax Act, 2015 book. Interested professional’s who are searching for the book can Download Black Money (Undisclosed Foreign Income and assets) and Imposition of Tax Act, 2015 textbook pdf in this site. Please check all the reference books given for this book.

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