The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Central · 2015
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Charge of tax.
- S. 4Scope of total undisclosed foreign income and asset.
- S. 5Computation of total undisclosed foreign income and asset.
- S. 6Tax authorities.
- S. 7Change of incumbent.
- S. 8Powers regarding discovery and production of evidence.
- S. 9Proceedings before tax authorities to be judicial proceedings.
- S. 10Assessment.
- S. 11Time limit for completion of assessment and reassessment.
- S. 12Rectification of mistake.
- S. 13Notice of demand.
- S. 14Direct assessment or recovery not barred.
- S. 15Appeals to the Commissioner (Appeals).
- S. 16Procedure to be followed in appeal.
- S. 17Powers of Commissioner (Appeals).
- S. 18Appeals to Appellate Tribunal.
- S. 19Appeal to High Court.
- S. 20Case before High Court to be heard by not less than two Judges.
- S. 21Appeal to Supreme Court.
- S. 22Hearing before Supreme Court.
- S. 23Revision of orders prejudicial to revenue.
- S. 24Revision of other orders.
- S. 25Tax to be paid pending appeal.
- S. 26Execution of order for costs awarded by Supreme Court.
- S. 27Amendment of assessment on appeal.
- S. 28Exclusion of time taken for obtaining copy.
- S. 29Filing of appeal by tax authority.
- S. 30Recovery of tax dues by Assessing Officer.
- S. 31Recovery of tax dues by Tax Recovery Officer.
- S. 32Modes of recovery of tax dues.
- S. 33Tax Recovery Officer by whom recovery of tax dues is to be effected.
- S. 34Recovery of tax dues in case of a company in liquidation.
- S. 35Liability of manager of a company.
- S. 36Joint and several liability of participants.
- S. 37Recovery through State Government.
- S. 38Recovery of tax dues in pursuance of agreements with foreign countries or specified territory.
- S. 39Recovery by suit or under other law not affected.
- S. 40Interest for default in furnishing return and payment or deferment of advance tax.
- S. 41Penalty in relation to undisclosed foreign income and asset.
- S. 42Penalty for failure to furnish return in relation to foreign income and asset.
- S. 43Penalty 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.
- S. 44Penalty for default in payment of tax arrear.
- S. 45Penalty for other defaults.
- S. 46Procedure.
- S. 47Bar of limitation for imposing penalty.
- S. 48Chapter not in derogation of any other law or any other provision of this Act.
- S. 49Punishment for failure to furnish return in relation to foreign income and asset.
- S. 50Punishment for failure to furnish in return of income, any information about an asset (including financial interest in any entity) located outside India.
- S. 51Punishment for wilful attempt to evade tax.
- S. 52Punishment for false statement in verification.
- S. 53Punishment for abetment.
- S. 54Presumption as to culpable mental state.
- S. 55Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner.
- S. 56Offences by companies.
- S. 57Proof of entries in records of documents.
- S. 58Punishment for second and subsequent offences.
- S. 59Declaration of undisclosed foreign asset.
- S. 60Charge of tax.
- S. 61Penalty.
- S. 62Manner of declaration.
- S. 63Time for payment of tax.
- S. 64Undisclosed foreign asset declared not to be included in total income.
- S. 65Undisclosed foreign asset declared not to affect finality of completed assessments.
- S. 66Tax in respect of voluntarily disclosed asset not refundable.
- S. 67Declaration not admissible in evidence against declarant.
- S. 68Declaration by misrepresentation of facts to be void.
- S. 69Exemption from wealth-tax in respect of assets specified in declaration.
- S. 70Applicability of certain provisions of Income-tax Act and of Chapter V of Wealth-tax Act.
- S. 71Chapter not to apply to certain persons.
- S. 72Removal of doubts.
- S. 73Agreement with foreign countries or specified territories.
- S. 74Service of notice generally.
- S. 75Authentication of notices and other documents.
- S. 76Notice deemed to be valid in certain circumstances.
- S. 77Appearance by approved valuer in certain matters.
- S. 78Appearance by authorised representative.
- S. 79Rounding off of income, value of asset and tax.
- S. 80Congnizance of offences.
- S. 81Assessment not to be invalid on certain grounds.
- S. 82Bar of suits in civil courts.
- S. 83Income-tax papers to be available for purposes of this Act.
- S. 84Application of provisions of Income-tax Act.
- S. 85Power to make rules.
- S. 86Power to remove difficulties.
- S. 87Amendment of section 2 of Act 54 of 1963.
- S. 88Amendment of Act of 15 of 2003.