Saturday, July 6, 2019

Who is liable to be assessed under the Black Money Act?

The existing provisions of section 2 of the the BM Act provide inter alia that the “assessee” means a person who is resident other than not ordinarily resident in India within the meaning of section 6 (6) of the Income-tax Act by whom tax in respect of undisclosed foreign income and assets are payable under the said Act.

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