Black Money Act

GPTKB entity

Statements (20)
Predicate Object
gptkbp:instanceOf gptkb:Indian_legislation
gptkbp:administeredBy gptkb:Income_Tax_Department_of_India
gptkbp:appliesTo residents of India
gptkbp:country gptkb:India
gptkbp:dateEnacted 2015
gptkbp:enactedBy gptkb:Parliament_of_India
gptkbp:officialName The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
gptkbp:penalty imprisonment up to 10 years
300% of tax
gptkbp:providesFor disclosure of foreign assets
one-time compliance window
prosecution for tax evasion
gptkbp:purpose to curb black money
to tax undisclosed foreign income and assets
gptkbp:relatedTo gptkb:Income_Tax_Act,_1961
gptkb:Prevention_of_Money_Laundering_Act,_2002
gptkbp:startDate 1 July 2015
gptkbp:bfsParent gptkb:Black_Money_(Undisclosed_Foreign_Income_and_Assets)_and_Imposition_of_Tax_Act,_2015
gptkbp:bfsLayer 7
http://www.w3.org/2000/01/rdf-schema#label Black Money Act

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