Section 79 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

/ Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 / By

Rounding off of income, value of asset and tax

(1) The amount of undisclosed foreign income and asset computed in accordance with this Act shall be rounded off to the nearest multiple of one hundred rupees.

(2) Any amount payable or receivable by the assessee under this Act shall be rounded off to the nearest multiple of ten rupees.

(3) The method of rounding off under sub-section (1) or sub-section (2), shall be such as may be prescribed.

Related Posts

Section 1 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 / By /

Warning: Attempt to read property "post_type" on int in /home4/cabkgoya/public_html/wp-content/plugins/templately/includes/Builder/ThemeBuilder.php on line 236

Short title, extent and commencement (1) This Act may be called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.…

Section 2 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 / By /

Warning: Attempt to read property "post_type" on int in /home4/cabkgoya/public_html/wp-content/plugins/templately/includes/Builder/ThemeBuilder.php on line 236

Definitions In this Act, unless the context otherwise requires,—    (1) “Appellate Tribunal” means the Appellate Tribunal constituted under section 252 of the Income-tax Act;…

Section 3 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 / By /

Warning: Attempt to read property "post_type" on int in /home4/cabkgoya/public_html/wp-content/plugins/templately/includes/Builder/ThemeBuilder.php on line 236

Charge of tax (1) There shall be charged on every assessee for every assessment year commencing on or after the 1st day of April, 2016,…

Section 4 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 / By /

Warning: Attempt to read property "post_type" on int in /home4/cabkgoya/public_html/wp-content/plugins/templately/includes/Builder/ThemeBuilder.php on line 236

Scope of total undisclosed foreign income and asset (1) Subject to the provisions of this Act, the total undisclosed foreign income and asset of any…

Search