{"id":7237,"date":"2015-07-02T14:07:00","date_gmt":"2015-07-02T14:07:00","guid":{"rendered":"http:\/\/localhost\/sccblog\/?p=7237"},"modified":"2015-11-03T11:34:39","modified_gmt":"2015-11-03T06:04:39","slug":"last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/","title":{"rendered":"Last date for disclosure and payment of tax &#038; penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared"},"content":{"rendered":"<p><span lang=\"EN-US\">On 01.07.2015, the Central Government notified 30.09.2015 as the date on or before which a person may make a declaration in respect of an undisclosed asset located outside India under the compliance provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Act), which received Presidential assent and became law on 26.05.2015.<\/span><\/p>\n<p><span lang=\"EN-US\">The Central Government also declared 31.12.2015 as the last date by which a person must pay the tax and penalty in respect of the undisclosed foreign assets in order to avoid stringent penalties and prosecution as provided in the said Act.<\/span><\/p>\n<p><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p align=\"right\"><b><span lang=\"EN-US\">-Ministry of Finance<\/span><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 01.07.2015, the Central Government notified 30.09.2015 as the date on or before which a person may make a declaration in respect <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-7237","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Last date for disclosure and payment of tax &amp; penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Last date for disclosure and payment of tax &amp; penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared\" \/>\n<meta property=\"og:description\" content=\"On 01.07.2015, the Central Government notified 30.09.2015 as the date on or before which a person may make a declaration in respect\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-02T14:07:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-11-03T06:04:39+00:00\" \/>\n<meta name=\"author\" content=\"Sucheta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sucheta\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2015\\\/07\\\/02\\\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2015\\\/07\\\/02\\\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\\\/\"},\"author\":{\"name\":\"Sucheta\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/7416b8c43cd3a0a3412cf97fc17b54fa\"},\"headline\":\"Last date for disclosure and payment of tax &#038; penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared\",\"datePublished\":\"2015-07-02T14:07:00+00:00\",\"dateModified\":\"2015-11-03T06:04:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2015\\\/07\\\/02\\\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\\\/\"},\"wordCount\":122,\"commentCount\":0,\"articleSection\":[\"Legislation Updates\",\"Notifications\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2015\\\/07\\\/02\\\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2015\\\/07\\\/02\\\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2015\\\/07\\\/02\\\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\\\/\",\"name\":\"Last date for disclosure and payment of tax & penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"datePublished\":\"2015-07-02T14:07:00+00:00\",\"dateModified\":\"2015-11-03T06:04:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/7416b8c43cd3a0a3412cf97fc17b54fa\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2015\\\/07\\\/02\\\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2015\\\/07\\\/02\\\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2015\\\/07\\\/02\\\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Last date for disclosure and payment of tax &#038; penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/7416b8c43cd3a0a3412cf97fc17b54fa\",\"name\":\"Sucheta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g\",\"caption\":\"Sucheta\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/legal_editor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Last date for disclosure and payment of tax & penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/","og_locale":"en_US","og_type":"article","og_title":"Last date for disclosure and payment of tax & penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared","og_description":"On 01.07.2015, the Central Government notified 30.09.2015 as the date on or before which a person may make a declaration in respect","og_url":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2015-07-02T14:07:00+00:00","article_modified_time":"2015-11-03T06:04:39+00:00","author":"Sucheta","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Sucheta"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/"},"author":{"name":"Sucheta","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa"},"headline":"Last date for disclosure and payment of tax &#038; penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared","datePublished":"2015-07-02T14:07:00+00:00","dateModified":"2015-11-03T06:04:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/"},"wordCount":122,"commentCount":0,"articleSection":["Legislation Updates","Notifications"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/","url":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/","name":"Last date for disclosure and payment of tax & penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2015-07-02T14:07:00+00:00","dateModified":"2015-11-03T06:04:39+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/02\/last-date-for-disclosure-and-payment-of-tax-and-penalty-with-respect-to-undisclosed-foreign-assets-under-the-provisions-of-black-money-act-declared\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Last date for disclosure and payment of tax &#038; penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa","name":"Sucheta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g","caption":"Sucheta"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/legal_editor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/7237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=7237"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/7237\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=7237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=7237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=7237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}