Category: Black Money
Crypto assets remain unregulated in India, but tax evasion, money laundering and non-disclosure of VDAs are under strict action by the Income Tax Department and enforcement agencies.
Finance Bill 2026 proposes FAST-DS 2026, a time-bound disclosure scheme allowing small taxpayers to declare undisclosed foreign assets or income with tax payment and limited immunity under the Black …
Clause 144 of Finance Bill 2026 relaxes prosecution under the Black Money Act for non-disclosure of foreign assets (other than immovable property) up to ₹20 lakh, effective retrospectively from …