45.In which year the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act was enacted? [A] 2014 [B] 2015 [C] 2016 [D] 2017 Show Answer
However, in its wisdom to tax undisclosed foreign income and asset, legislature brought separate Act in the form of Black Money Act, 2015 with effect from 1st July 2015 introducing more stringent provisions of tax and penalty.
