Guide to Black Money Law

The Guide to Black Money Law is an authoritative and practice-oriented resource on the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The book explains the legislative intent behind the law and its objective of curbing tax evasion through undisclosed offshore income and assets. It provides a clear analysis of what constitutes undisclosed foreign income and assets, the method of computation of tax, and the stringent penalty structure, including prosecution provisions that distinguish this law from the Income-tax Act. The book also covers assessment, reassessment, search-related implications, and appellate remedies available to taxpayers. Special emphasis is placed on the interplay between the Black Money Act and other regulatory statutes such as the Income-tax Act, FEMA, PMLA, and Benami Transactions Law. Practical guidance is offered on compliance strategies, documentation, disclosures, and defending proceedings initiated by tax authorities. Written for professionals and advanced learners, this book simplifies a complex and high-risk area of tax enforcement, making it an indispensable guide for anyone dealing with offshore assets, foreign income, or economic offence litigation.