Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

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