Tax, penalty to be levied at market price under black money law
Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.
Jul 03, 2015, 18:35 PM IST
Govt notifies rules for asset valuation under black money law
Government has notified the rules for calculating overseas income and assets under the stringent foreign black money law that came into force on July 1.
Jul 03, 2015, 16:01 PM IST
Black Money Bill: All you need to know
Black Money Bill penalizes the concealment of foreign income, and provides for criminal liability for attempting to evade tax in relation to foreign income.
May 13, 2015, 09:42 AM IST
Short window to declare overseas assets under black money law
The Union Cabinet last night approved the Undisclosed Foreign Income and Assets (Imposition of New Tax) Bill, 2015 with a view to put in place a legal framework to unearth black money and illicit assets stashed abroad.
Mar 18, 2015, 16:30 PM IST
