- 07/12/2019 at 8:23 pm #1426209EduGorillaKeymasterSelect Question Language :
With reference to Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 , consider the following statements :
(I) Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (popularly Black Money Act) is an Act of the Parliament of India
(II) It aims to curb black money, or undisclosed foreign assets and income and imposes tax and penalty on such income.
(III) the total undisclosed foreign income and asset of any previous year of an assessee shall be the income from a source located outside India,
(IV) the undisclosed asset shall be chargeable to tax at the rate of thirty per cent of value of such undisclosed asset
Which of the following statements are correct ?
I , II and III
I, II and IV
II, III and IV
I, II, III and IV
- IIT-JEE, NEET, CAT
- Bank PO, SSC, Railways
- Study Abroad