CBDTNotification57/201501 Jul 2015

Black Money Act Declaration and Payment Dates

Deadline: 31 Dec 2015 · 3961 days ago · Last date to pay the tax and penalty for the declared undisclosed asset
Who: A person who makes a declaration in respect of an undisclosed asset located outside India
Action: Make a declaration in respect of an undisclosed asset located outside India on or before 30th September, 2015

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What changed

The Central Government appoints the 30th day of September, 2015 as the last date for a person to declare an undisclosed asset located outside India. The Central Government appoints the 31st day of December, 2015 as the last date for a person to pay the tax and the penalty for the declared asset. These dates apply under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

What you must do

Make a declaration in respect of an undisclosed asset located outside India on or before 30th September, 2015
Pay the tax and penalty in respect of the declared undisclosed asset located outside India on or before 31st December, 2015

Key dates

Last date to make a declaration of an undisclosed asset located outside India: 30 Sept 2015
Last date to pay the tax and penalty for the declared undisclosed asset: 31 Dec 2015

Who is affected

A person who makes a declaration in respect of an undisclosed asset located outside India

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Written automatically from the official document. It is not a professional review, so check material decisions against the official record.

Document text

Prepared for reading; wording retained from the source.

Official source

[TO BE PUBLISHED IN THE GAZETTE OF INDIA,EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)]

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)

New Delhi, the 1st July, 2015

NOTIFICATION

S.O.1791(E).- In exercise of the powers conferred by section 59 and sub-section (1) of section 63 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015), the Central Government hereby appoints --

(i) the 30thday of September, 2015 as the date on or before which a person may make a declaration in respect of an undisclosed asset located outside India;
(ii) the 31st day of December, 2015 as the date on or before which a person shall pay the tax and penalty in respect of the undisclosed asset located outside India so declared, under the provisions of section 59 of the said Act.

[Notification no. 57/2015, F.No. 133/33/2015-TPL]

(Amit Katoch) Under Secretary to the Government of India

Source details

Official title: notification no. 57/2015 f.no. 133/33/2015 tpl / so 1791 e
Source: Central Board of Direct Taxes / Income Tax Department
Type: notification
Published by source: 01 Jul 2015
Document number: 57/2015
Issuing division: Department of Revenue
Coverage area: direct-tax

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Black Money Act Declaration and Payment Dates

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