What is the quantum of interim reward for information on undisclosed foreign income/assets liable under the Black Money (Undisclosed Foreign Income and Assets) Act, 2015?

Ans. Interim reward up to 3% of the additional taxes levied (which is directly attributable to the information furnished by him) under the Black Money (Undisclosed Foreign Income and Assets), Act, 2015, may be granted on the statutory determination of undisclosed foreign asset/income following completion of assessment proceedings under Section 10(3)/(4) of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, subject to a ceiling of Rs. 50 lakhs to an Informant for the information given at a time in a single Annexure - A form when the authority competent is satisfied that the assessment made is likely to be sustained in appeal and taxes levied are likely to be recovered.