- 7/2/2025
Category
🦄
CreativityTranscript
00:00We will be discussing Black Money Act 2015.
00:30So, it is the undisclosed foreign income and assets and imposition of tax law 2015.
00:50So, first the purpose of this act.
00:54So, you are disclosing your income and for that you are paying income tax.
01:07Okay, so income you have assessment disclosed.
01:13You have this is a disclosed one.
01:19In order income you have total income.
01:24If you have not disclosed any income.
01:28You have not disclosed any income.
01:28You have not disclosed any income.
01:29You have disclosed any income that is called undisclosed.
01:34Undisclosed are undisclosed are undisclosed one income.
01:39All of the assets are undisclosed.
01:41Which is a foreign income.
01:44So, if you have disclosed any income, it is undisclosed.
01:47Okay, so disclose the income and foreign assets are undisclosed.
01:50So, the purpose of this act is undisclosed.
01:54So, the purpose of this act is undisclosed.
01:56So, the purpose of this act is undisclosed.
01:58So, the purpose of this act is undisclosed.
02:00Black money act.
02:01So, the purpose of this act is undisclosed.
02:04White money and black money.
02:08So, black money is undisclosed.
02:10So, you have to pay tax.
02:15So, in the act this is passed in the year 2015.
02:2226.05.2015 this is applicable from the assessment year 2016-17 okay so first let us
02:32understand about certain things undisclosed foreign income undisclosed assets and
02:41okay so section 2 normally talks about the different definitions so undisclosed foreign
02:51income undisclosed then you can navigate your car and what is the income or it could be an asset okay
03:02you can see the income and asset you can see the two objects located outside of India ok India is no
03:15so foreign update which is located outside the home country so that is called as the undisclosed foreign income and asset so either one income
03:42so the source is outside India but you have not given any satisfactory explanation of the source
03:54the first one that should be held in the name.
04:24The first one is the source of the asset of the assessi. Okay, in the asset yara woulda peerile irukkano? Assessi woulda peerile irukkano? Or, point number two, they may have been the beneficial owner. So, directly even peerile irukkano? But, beneficial owner in the assessi a irukkano?
04:46And, third one, so, source of the asset, it is unexplained or you have provided any unsatisfactory explanation.
05:01So, in the moon aspect, such an assets which are located outside India.
05:11So, the asset is located outside India which is held either in the name of the assessi or he is the beneficial owner or the source and the source of such an investment in asset.
05:25And, you have not given any explanation which is satisfactory or you have not at all given any explanation.
05:33So, this will be treated as undisclosed. Okay, so now, who is an assessi?
05:51So, the first one is a resident in India. Okay, during the, in the previous year ka paakuramu?
06:15And the previous year la, he is a resident as per ITF. So, income tax a yokela?
06:21And, when you say hello? Section 6 lho, section 6 lho of income tax a yokela?
06:27So, the second point. Current previous year, that is in the version assessment year 25-26 paakuramu?
06:36of a previous year 24-25 power crop deeds on a non-resident
06:41that is resident but not ordinary resident
06:45that is during the previous year but
06:51you have any undisclosed income or undisclosed asset
06:57that is related on previous year
07:01that is resident but he is a resident during the previous year
07:10which is related to such undisclosed income or undisclosed income
07:17and the particular assets it is undisclosed assets
07:23so for example if you take in the current previous year
07:3524-25 assessment year 25-26
07:40that is resident and that is resident
07:43or in the previous year 24-25
07:47he is a non-resident or a resident but not ordinary resident
07:52however previous year say for example
07:55were conflictingSix for example
07:56one or two which was sitting on a escapes
07:57or invading around 16-17
07:58here comes a
08:03case
08:07sow
08:08in this case
08:10and then
08:11any undisclosed income
08:12And then any undisclosed income
08:14So, the next part is about the previous year.
08:23Okay.
08:25Generally, the previous year start from the 1st April to the 31st March.
08:29Okay.
08:30But, in generally,
08:34so, starts and it ends.
08:42Okay.
08:46So, general 1st April and it ends with 31st March.
08:55Clear?
08:56Then, suppose if you have started any business,
09:00Pudhu sa business start pannir kao.
09:06Indi varshan dhaa namadhu Pudhu business start pannir kao.
09:09Beel saol naa.
09:10So, the date of setup ekpo ni business start pannir kao.
09:14And the date kliyandhu.
09:17Either closure.
09:21Indi varshan dhu huleya business close pannir kao.
09:23And the date.
09:24Alli dhu 31st March irukku means ornaa 31st March.
09:28Okay.
09:30Or, suppose any new source of income you lukk vandir kao.
09:34So, what is the date of such a new source?
09:42And the date of closure of the business on following 31st March.
09:52So, 31st March earlier aa yirundhitschi naa adha yirthukunao.
09:55So, whichever is earlier abhiye ngerithu naa mokkinge varu.
09:59Suppose, nge business a discontinu a pannir kao.
10:03In the varshan dhaa, if you have discontinuad your business.
10:11Apainna huu.
10:12You should have started on 1st April.
10:14But it is the date of closure or dissolution or liquidation.
10:20And a date vandha mokkutu.
10:22Okay.
10:22So, this is the previous year.
10:27So, generally the previous year starts with 1st of April to 31st of March.
10:33And business set up pannir kao.
10:35Ippoda inda urshhindha abhiin shonna.
10:37Apainna pannla.
10:38It is the date of set up.
10:39Eppha business start pannir kao.
10:40Till the date of closure or 31st March.
10:42Whichever is earlier.
10:43If it is a new source of income, the date of such a new source eppha fastai mandh dho.
10:48And it ends with the date of closure or 31st March.
10:51Whichever is earlier.
10:53Discontinu pannir kao naa.
10:55It starts with the 1st April and date of the closure.
10:57Or the date of dissolution.
11:00Or the date of liquidation.
11:02Idhile yedho over date daa.
11:03Previous yearan ba irithu kao.
11:05Okay.
11:06So, the definitions of a previous yearan naa.
11:08Asse si yare.
11:08And what is an undisclosed foreign income.
11:11Or asset abhiin garudhu nambha paathu.
11:15So, let's move on to the next part.
11:17And before that.
11:21Okay.
11:21So, section 2 namak eppho me definition dhaa irukhu.
11:24And section 3 paathu updates on naa.
11:26If you have such an undisclosed foreign income or asset.
11:30In the previous year.
11:33In the previous yearan naa.
11:35In the previous yearan naa.
11:35Unggri kedhaavdhu undisclosed foreign income or asset yirindhichu.
11:40And that comes to the notice of the assessing officer abhiinu sonna.
11:44So, taxation yethina percentage kodu onna.
11:4730 percentage vandhu tax rate yirukhu.
11:50Okay.
11:50So, this is section number 3.
11:53That is a charging section.
11:54Ithi leavala soudra.
11:5530 percentage vandhu tax kodu onna.
11:58Okay.
12:00So, the next is the scope of income.
12:02Section 4 paathu nambha eppho me sonna.
12:04Talks about the scope of the total undisclosed foreign income.
12:12What it excludes?
12:14What it excludes?
12:16Yethi include phadiraan?
12:17Yenna lalang nambha phaa.
12:19So, undisclosed naa sooli eta.
12:22Yenndha income mhoon yengh disclose phadnnaam irukkhi indha.
12:24Foreign source ile yendhu unggulukku varak koodi yengh income.
12:27So, the income or the asset.
12:30Which is located outside India.
12:37And it is undisclosed naa irukkharukhu.
12:40Returns laning a file pannala.
12:42Either under section 139, subsection 14 or 5.
12:46Okay.
12:47But return file pannilkhi indha.
12:50Requiring a return.
12:51But not filed or revised under the above sections.
12:57Okay.
12:58Return file pannala.
12:59Return file pannala.
13:01But you have not filed the return or you have not disclosed it.
13:05Alluthu.
13:06Enakka the sources theriyah.
13:07Vandadduk appruon naa anna panni irukkkanu.
13:09Atleast the revised the return aadhaan panni irukkkanu.
13:11Revised the return um pannala.
13:14Kanakku kulli yaya naa pundu pannala.
13:15Or undisclosed the foreign assets.
13:18So, rendae aspect thang eengh.
13:20One income aadhaan panni irukklaan.
13:21Alluthu.
13:22Aadhaan panni irukklaan.
13:22Asset yaraan panni irukklaan.
13:23Income aadhaan panni irukklaan.
13:23Income aadhaan panni irukklaan.
13:24And this is a income.
13:34You can exclude certain things.
13:47Yedda exclude pannala.
13:48Aadhaan panni irukklaan.
13:48Aadhaan panni irukklaan.
13:48Aadhaan panni irukklaan.
13:49Aadhaan panni irukklaan.
13:49Ennodai income.
13:52Or the assets which from the foreign source.
13:58Or located outside India.
14:00Which I have already assessed.
14:06Suppose if you say.
14:08Can get a rent property irukklaan panni.
14:09Which is aadhaan.
14:10Rent source of income.
14:11Foreign country leithi.
14:13Already orisorsa vandhu karmiclaan.
14:15Okay.
14:16So.
14:17Orisorsa kaam98.
14:18In dont one source waata kaam98.
14:19Namna eethambattu ndi arrogant n dik payake.
14:20N 48 can return.
14:20N 2kin analysis.
14:21It dazu наз skyodkinpi.
14:21Net tuszloasari nneetit tchtı trenti percentage.
14:23N oi figureska tax.
14:24N 91 first grade WHO is aadhaan.
14:25It dazu n o несgar already kakaati yonghai.
14:27N� 5 or so per the owners.
14:28N tin paranata e srp.
14:28Maru padu yung assessment panna banti yeahu.
14:30Avatar tem Hallİ.
14:32So.
14:32Namma yegla are dukhaan simple to say.
14:34It is about the black and white.
14:36So.
14:37Yegla and hegla are dukhaan.
14:45you have already assessment level you can get the reassessment
14:52you can get the reassessment
14:56so that is white money and that portion include
15:02black money which is undisclosed
15:06that is 30% is the tax
15:12section number 5 talks about the computation of total undisclosed foreign income
15:16this is a total value obtained you have to compute the fair market value
15:22that we have to edit
15:24so section 5 says
15:27you have to set off and carry forward of losses
15:32okay
15:34you cannot claim against this undisclosed foreign income
15:48reduction for previously assessed income
15:54so if you have any previously assessed income
15:58so if you have any previously assessed income
16:12so for example if you take this example
16:16the asset cost vandhu patthala churwa
16:18okay
16:20adhila vandhu 6 lakh is the black money
16:224 lakh is the white money
16:24white money apdiy karudhu you have already disclosed it
16:26illi yaa
16:28so adhila undisclosed asset yennava arukh
16:3042 lakhs is the fair market value
16:32adhila less 4 lakhs white money
16:36white money
16:38i have already assessed this
16:40i have already assessed this
16:44which is already assessed
16:46adhila less than it is balance
16:48adhila ndisclosed asset
16:50adhila edhila
16:52and generally if it is for an
16:54immobile property
16:56proportionate adhila edhila
16:58so for example paharang
17:00suppose if you say there is an house
17:02house property
17:04house property only
17:06immobile property house property
17:08which was purchased in the
17:10financial year 2011-12 for
17:1260 lakhs
17:14okay
17:16so 35 lakhs of
17:18this investment was already
17:20assessed in the prior years
17:22itha wada fire market value
17:24120 lakhs
17:26fire market value
17:28120 lakhs already
17:30could be
17:32right
17:34now it is the
17:36cost of the asset
17:3860 lakhs
17:40and what is the
17:42investment
17:44which is already
17:46assessed
17:48already assessed
17:5035 lakhs
17:52already assessed
17:54right
17:56now
17:58now
18:00what is the value
18:02so
18:04proportionate
18:06you can assist
18:08so fair market value
18:09multiplied by
18:10the total cost of
18:11assets
18:12already you have
18:13disclosed
18:14the white income
18:15now
18:16what portion
18:17you can assist
18:18fair market value
18:19so
18:20120 lakhs is my
18:21fair market value
18:22out of the cost of
18:2460 lakhs
18:2535 lakhs
18:26has been already
18:27assessed
18:28so
18:32it comes to
18:3370 lakhs
18:3470 lakhs
18:36already
18:37disclosed
18:38already
18:39have assessed
18:40as revenue
18:41so the total
18:42fair market value
18:43120 lakhs
18:44minus 70
18:45potona
18:46we get 50 lakhs
18:47as the
18:48undisclosed
18:49income
18:50so in the 50 lakhs
18:51it is chargeable
18:52at the rate of
18:5330 percentage
18:54under the black money
18:56act
18:57ok
18:58so question number 1
19:00Mr. Harshith
19:02stayed in India
19:03only for 48 days
19:05during the previous year
19:072024 and 25
19:08he acquired a property
19:09located in country
19:10in September 23
19:11for 80 lakhs
19:12cost of the
19:13asset
19:14out of the investment
19:1555 was already
19:16assessed due to tax
19:17when he was a resident in India
19:24the remaining income has not been assessed due to tax in any year
19:30so the asset comes to the notice of assessing officer in March 25
19:34the value of property was 120 lakhs
19:37what is the value of undisclosed income of the house property located in country
19:43a in the hands of Mr. Harsh it for the purpose of black money act
19:48so first NSO
19:50he stayed in India only for a period of 45 days to the in the previous year
19:59in the first year
20:00in the first year
20:01non-resident
20:02non-resident
20:03if he is a non-resident or not ordinary resident
20:09the first is not non-resident
20:12in the previous year
20:1424-25
20:15next
20:16check
20:17whether he is a resident in the year
20:21in which the asset is purchased
20:24previous year
20:252013-14 in the asset purchase
20:27so the residential status
20:32yes
20:34he is an assessi
20:36for this purpose
20:38so he is an assessi for this purpose
20:43so he is an assessi for this purpose
20:46render with the part
20:47how do the valuation
20:49so the fair market value
20:51how do the valuation
20:52120 lakhs have been sold
20:55cost of the asset
20:5780 lakhs
20:59that is
21:00already assessed
21:02portion
21:0345 lakhs
21:04being sold
21:05right
21:07so now
21:08the proportion
21:09already assessed
21:10so
21:12x
21:13x is the fair market value
21:16120 lakhs
21:17y is the proportion
21:19y is the proportion
21:21already assessed
21:23again
21:25120 into
21:2780 is the cost
21:29the cost
21:30adhikku 55
21:31na already assessed
21:32pundit
21:3382.50
21:34lath
21:35lath
21:36the fair market value
21:37portion
21:38already assessed
21:39the proportion
21:40which is already assessed
21:41it is
21:4282.5 lakhs
21:43so the next is
21:45undisclosed value
21:46everywhere
21:47that is
21:48fair market value
21:49minus the proportion
21:51already assessed
21:53already assessed
21:55or simply
21:56z is equal to
21:58x minus y
21:59put again
22:0037.5 lakhs
22:01bigger than
22:02it is the
22:03undisclosed value
22:04so
22:06it is the
22:07undisclosed
22:08value
22:09so
22:10ithikku name
22:11evalowa tax
22:12at the rate of
22:1330 percentage
22:14ithikku name
22:15in the assessment year
22:162025-26
22:17is the
22:18current assessment year
22:19name it is
22:20chargeable to
22:21tax under the
22:22black money act
22:28so
22:29ithwari ki
22:30one day
22:31these are the
22:32five sections
22:33that we have
22:34discussed
22:35so section number
22:361
22:37what is the act
22:38section 2
22:39we discussed
22:40about the
22:41definitions
22:42first one
22:43is the
22:44either
22:47that person
22:48is a resident
22:49in the
22:50previous year
22:52or a resident
22:53non-resident
22:54resident
22:55but not
22:56ordinary resident
22:57in the
22:58previous year
22:59but he is
23:00a resident
23:01in the
23:02previous year
23:03here
23:04in which
23:05the
23:06undisclosed
23:08income
23:10or
23:12the
23:13assets
23:14relates
23:15other
23:16acquisition
23:17in the
23:18class
23:19okay so this
23:20is for
23:21assessing
23:22and then we
23:23discussed about
23:24the undisclosed
23:25foreign
23:26income
23:27income
23:28and
23:29assets
23:30so it
23:31talks about
23:32the
23:34foreign
23:35income
23:36or it
23:37could be an
23:38asset
23:39and
23:40assets
23:41so that
23:42person
23:43is the
23:44in the name
23:45of the
23:46assessor
23:47of the
23:48assessor
23:49or the
23:51assessor
23:52may be the
23:53beneficial
23:54owner
23:55and the
23:57source
23:58that
23:59there is no
24:00there is no
24:01proper explanation
24:02or
24:03satisfactory
24:04explanation
24:05or there is no
24:06explanation
24:07at all
24:08so
24:09in the
24:10it is
24:11located
24:12without
24:13a
24:14source
24:15it
24:16is located
24:17outside
24:18India
24:19and
24:20which have not
24:21been
24:22disclosed
24:23disclosed
24:24it
24:25it
24:26starts with
24:271st
24:28April
24:29to
24:30date
24:31of
24:32date
24:33of
24:34closure
24:35which
24:36is
24:37earlier
24:38and
24:39it
24:40starts
24:41with
24:421st
24:43April
24:44to
24:45date
24:46of
24:47closure
24:48which
24:49is
24:50earlier
24:51and
24:52it
24:53starts
24:54with
24:55of
24:56closure
24:57so
24:58section
24:59number
25:003
25:01is
25:02charging
25:03section
25:04any
25:05undisclosed
25:06income
25:07foreign
25:08income
25:09or
25:10there will be
25:11tax
25:12at the rate
25:13of
25:1430%
25:15then
25:16section
25:17number
25:184
25:19talks
25:20about
25:21the
25:22scope
25:23and
25:24and
25:25disclosed
25:26foreign
25:27income
25:28and
25:29assets
25:30and
25:32you should
25:33exclude
25:34those
25:35income
25:36the
25:37value
25:38of the
25:39asset
25:40which
25:41have
25:42been
25:43already
25:44assessed
25:45assessed
25:46and
25:47and
25:48section
25:52number
25:535
25:54talks
25:55about
25:56the
25:57valuation
25:58so
25:59the
26:00valuation
26:01of
26:02total
26:03undisclosed
26:04foreign
26:05assets
26:06so
26:07first
26:08the
26:09fair market
26:10value
26:11and
26:12take it as
26:13x
26:14and
26:15you have to
26:16calculate the
26:17proportion
26:18already
26:19already
26:20already
26:21assessed
26:22take it as
26:23y
26:25so
26:26fair market
26:27value
26:28proportion
26:29already
26:30assessed
26:31you may call it
26:32as white money
26:33or the portion
26:34which is already
26:35asset
26:36divided by the
26:37total cost
26:38of asset
26:40so in the
26:41proportion
26:42and third
26:43part is
26:44you are computing
26:45the undisclosed
26:46tax
26:47at the rate of
26:4830%
26:49on
26:50z
26:51okay
26:52so
26:53this
26:54is
26:55procedural
26:56aspects
26:57tax
26:58at the rate of
26:5930%
27:00on
27:01z
27:02okay
27:03so
27:04it is
27:05procedural
27:06aspects
27:07tax
27:08under
27:09black money
27:10act
27:11so
27:12normally
27:13income tax
27:14act
27:15under
27:17black money
27:18act
27:19so
27:20normally
27:21income tax
27:22restrictions
27:24applicable
27:25then
27:26section
27:27number 7
27:28change of
27:29incumbent
27:30so suppose
27:31successor authority
27:32resumes the
27:33proceedings from the stage
27:34left by the
27:35predecessor
27:36so
27:37successor
27:38resume
27:39assessment
27:40assessment
27:41process
27:42generally
27:43notice
27:44will be
27:45issued
27:46based on
27:47the information
27:48from tax
27:49authorities
27:50so notice
27:51issue
27:52if you want
27:53to go for
27:54an inquiry
27:55he will gather
27:57the evidence
27:58and enquire about
27:59the undisclosed
28:00foreign income
28:01or assets
28:02order issue
28:03so generally
28:04order should be
28:05issued within
28:06a period of
28:072 years from
28:08the year end
28:09the financial year end
28:10in which the notice
28:11was issued
28:12so notice
28:13issue
28:14you can
28:15pass the
28:16assessment
28:17order
28:19so now
28:20the procedure
28:21we have
28:23different appeals
28:24procedures
28:25same as that of
28:26the income tax
28:27act
28:28anyone who is
28:29okay
28:34so you can go to
28:35appeals within a period
28:36of 30 days
28:37again in the tribunal
28:38you may go within a period
28:39of 60 days
28:40and here
28:41120 days
28:42we can do
28:43high court
28:44appeal
28:45high court
28:46appeal
28:47only
28:48if there is a
28:49substantial
28:53question of
28:54law
28:55here
28:56if you are not
29:00okay with that
29:01then you may proceed to
29:02supreme court
29:03okay
29:05then all other
29:06provisions
29:07or there is a
29:08recovery
29:09and revision
29:10interest
29:11and all the powers
29:12liability provisions
29:13who are all
29:15liable
29:16generally section
29:1735 talks about
29:18that
29:19managers
29:20are jointly
29:21and severally
29:22liable for the amount
29:23due from a company
29:24so this is in case of a
29:25company
29:26managers are jointly
29:30and severally
29:31liable
29:32however
29:33if the manager
29:34choose a non-recovery
29:35was not due to their
29:37neglect
29:38they are exempt
29:44then
29:45participants
29:46suppose
29:47in case of any
29:48unincorporated body
29:49like
29:50companies
29:51incorporated body
29:52others
29:53association
29:54like
29:55association
29:56of persons
29:57are
29:58or
29:59partnership
30:00generally
30:01jointly
30:02and severally
30:03liable for the
30:04dues
30:05if they are not
30:06due to their fault
30:07on their path
30:08they are all exempt
30:12then penalties
30:16penalties
30:18penalties
30:19penalties
30:20penalties
30:21for default
30:22suppose if you fail to disclose the foreign income or asset
30:25300 percentage of the tax determined under section 10
30:31number
30:32number
30:33assessment
30:34number
30:35number
30:3610
30:37assessment procedure
30:38notice
30:39and then assessment order
30:40so
30:41penalties
30:42to
30:43penalties
30:44to
30:45penalties
30:46for
30:47300
30:48percentage of the tax determined plus there will be imprisonment of 3 to 5
30:53years along with fine and return 5 before the assessment year expires penalty
31:00will be 10 lakhs non-disclosure and return it will be 10 lakhs exempt if foreign bank account balances less than 5 lakhs plus imprisonment of 6 months to
31:1010 years
31:12evading tax interest or penalty
31:15tax and arrears and 3 to 5 years plus fine
31:20non-cooperation
31:21are
31:22in the
31:23the
31:24the
31:25the
31:26the
31:27the
31:28the
31:30the
31:31the
31:32the
31:33the
31:34the
31:35the
31:36the
31:37of 6 months to 10 years. Abatment or inducement 6 months to 10 years. Second or subsequent
31:46in the rent case of first time panna kudiya offence. And subsequent time the offence
31:51naradhidhina 3 to 10 years along with the fine. Okay. So, generally foreign bank order
31:58balance is less than 5 lakhs or in this year brings on a there will be an exemption. Then
32:04other tax points to be noted under the act. Penalty orders generally should be passed within
32:12one year from the end of the financial year in which the penalty notice is served. Sanction
32:19for prosecution requires the approval from principal commissioner or the commissioner or commissioner
32:24the appeals. Then approval for high penalties. So, penalty value when the number if the penalty
32:39value is more than 1 lakhs or if it is more than 5 lakhs. So, 1 lakhs or 5 lakhs you have to get
32:52from joint commissioner. Approval from joint commissioner is mandatory.
32:59Only metropolitan magistrate or first class magistrate may try the cases under the act. And there
33:07is no suit in civil court for orders under this act.
33:10Now, this case under the black money act and the situation in which it is same case
33:16under the act. And there is no prosecution for government officers acting in good faith under the act.
33:26Any other provisions you may round off provision for undisclosed income and asset round off to the
33:36100 rupees. Payable or receivable near as to 10 rupees. Okay.
33:41Okay.
33:42Now, you have to have to have to have to have to have tax or penalty. Section number 73.
33:49Suppose, India is foreign income and foreign asset involved. There may be chances that foreign countries
33:55countries on India are agreement or some specified areas or territories are there.
33:59So, you may get exchange of information with a foreign country. Okay? Prevent tax evasion
34:06or avoidance on the undisclosed foreign income or similar laws in foreign jurisdiction.
34:11Central Government may enter into agreement with the foreign governments.
34:25Central Government can collaborate with the specified territories outside India and it may issue notification to implement those agreements.
34:34Okay.
34:35It may partner with the foreign counterparts in specified areas with the provisions implemented through notification.
34:40So, international cooperation for tax enforcement.
34:44It is in the foreign soil.
34:49We may enter into an agreement.
34:57So, these are the provisions which are covered under the Black Money Act.
35:02So, what is the black money and what is the undisclosed foreign income and foreign asset?
35:08Who is an assisi?
35:09What is the previous year?
35:10What is the scope and envelope percentage, 30 percentage tax kodapuranga?
35:15What you should exclude?
35:16How you are going to value that and other penal provisions?
35:20So, the definition of a previous year, SSE and undisclosed foreign income or asset.
35:36So, what is the scope and valuation?
35:42So, what is the assessment procedures, penal provisions, then other miscellaneous provisions?
35:57So, these are the things we have covered under the Black Money Act.
Recommended
1:05:17
|
Up next
37:13
12:00
14:59
1:21
12:50
1:23:56
1:03:10
1:08:17
1:06:27
48:44
56:23
1:22:27
1:22:34
31:07
59:43
1:59:39