Quick Navigation
Section 64 - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
64. Undisclosed foreign asset declared not to be included in total income.-
The amount of undisclosed investment in an asset located outside India declared in accordance with section 59 shall not be included in the total income of the declarant for any assessment year under the Income-tax Act, if the declarant makes the payment of tax referred to in section 60 and the penalty referred to in section 61 by the date notified under sub-section (1) of section 63.
Related Sections
- 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 52: Punishment for false statement in verification
- Section 39: Recovery by suit or under other law not affected
- Section 68: Declaration by misrepresentation of facts to be void
- Section 11: Time limit for completion of assessment and reassessment
Related Acts
* Only for reference.