alleryStart learning →Which Act of 2015 deals with undisclosed foreign income and assets of Indian residents?
ABenami Act
BBlack Money Act
CPMLA, 2002
DFEMA, 1999
Answer & Solution
Correct answer: B. Black Money Act
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 targets undisclosed foreign assets and income.
Keep practising Undisclosed Income and Assets, Penalties, Offences and Prosecution
Browse all Undisclosed Income and Assets, Penalties, Offences and Prosecution questions for CA Final, or explore more Taxation topics.
Related questions
Public servants are restricted from disclosing specified information under which section?Non-compliance with search and seizure provisions is punishable under which section, up toNo punishment is imposed for failures under sections 276B or 276BB if the person proves whProsecution for income tax offences cannot be initiated without approval under which sectiSection 278E raises a presumption of what, unless the accused proves otherwise?Under section 278C, who is deemed guilty of an offence committed by a Hindu undivided famiFor section 278B, the expression 'company' includes which of these?Unauthorised disclosure of information by a public servant is punishable under which secti