Section 60
Charge of tax. Repealed
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
About this Act
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.
Notwithstanding anything contained in the Income-tax Act or in any Finance
Act, the undisclosed asset located outside India and declared under section 59 within the time specified
therein shall be chargeable to tax at the rate of thirty per cent. of value of such undisclosed asset on the
date of commencement of this Act.