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

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THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015 [Act No. 22 of 2015] [26th May, 2015] PREAMBLE [An Act to make provisions to deal with the problem of the Black money that is undisclosed foreign income and assets, the procedure for dealing with such income and assets and to provide for imposition of tax on any undisclosed foreign income and asset held outside India and for matters connected therewith or incidental thereto.] Be it enacted by Parliament in the Sixty-sixth Year of the Republic of India as follows:-- (1) This Act may be called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (2) It extends to the whole of India. (3) Save as otherwise provided in this Act, it shall come into force on [1] [the 1st day of July, 2015]. Footnotes ^ Substituted by the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act (Removal of Difficulties) Order, 2015 vide Notification No. 56/2015 dated 01.07.2015 for the following : - the 1st day of April, 2016 In this Act, unless the context otherwise requires,-- (1) "Appellate Tribunal" means the Appellate Tribunal constituted under section 252 of