Law Relating to Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015

Law Relating to Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 is the most comprehensive practitioner’s-level commentary. It is updated to include all amendments made by the Finance Act 2026. The book offers a section-by-section analysis of every provision of the Act, supported by the authors’ considered opinions on over 200 critical interpretive issues—most of which are either still pending before the constitutional courts or have been settled only by ITAT decisions subject to further challenge. Additionally, the book features, for the first time, a dedicated chapter on the Foreign Assets of Small Taxpayers Disclosure Scheme 2026 (FAST-DS 2026), introduced by the Finance Act 2026 under Sections 130 to 144.

This book is intended for the following audience:

• Chartered Accountants, Tax Advocates, and Company Secretaries advising clients with cross-border assets, foreign bank accounts, overseas trusts, or financial interests in foreign entities
• Judicial and Quasi-Judicial Officers including ITAT Members, CIT(A)s, and Assessing Officers handling proceedings under the Act
• Senior Litigation Counsel appearing before High Courts and the Supreme Court in Black Money Act matters
• High Net Worth Individuals, NRIs Returning to India, and persons with historical foreign asset positions who need to understand their exposure and compliance obligations
• Academic Researchers and Law School Faculty engaged in the study of anti-black money legislation and international tax enforcement