Black Money, Undisclosed Foreign Income & Assets Law & Practice (1st Edition, 2026)
- Year of Publication: 2026
- Edition: 1st
- ISBN: 978-81-6944-935-9
- No.of Pages: 512
The law relating to undisclosed foreign income and assets has assumed considerable importance in the Indian tax landscape. With increasing global mobility of individuals, cross-border transactions, overseas investments, foreign bank accounts and ownership of assets outside India, the need for a clear and comprehensive understanding of the legal framework governing undisclosed foreign income and assets has become increasingly significant.
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 was enacted with the objective of dealing specifically with undisclosed foreign income and assets and to provide for taxation of such income and assets, together with stringent provisions relating to assessment, penalty and prosecution. The legislation operates alongside the general provisions of the income-tax law and has created a distinct and important area of tax practice.
The present book, “Black Money, Undisclosed Foreign Income & Assets – Law & Practice”, has been conceived with the objective of providing a comprehensive and practical understanding of the law relating to undisclosed foreign income and assets. The book incorporates the amendments made by the Finance Act, 2026 and seeks to present the statutory provisions in a systematic, analytical and practice-oriented manner.
Dr. Ravi Gupta did his graduation and post-graduation from Shri Ram College of Commerce. Thereafter, he did LL.B. from Delhi University and MBA (Finance) from Faculty of Management Studies, Delhi. He has been awarded a Ph.D. degree in International Finance by the Delhi University. He is a faculty member at Shri Ram College of Commerce (Delhi University) and also has vast practical experience in handling tax matters of trade and industry. He has been a visiting faculty member at The Indian Law Institute, The Institute of Company Secretaries of India, MFC (South Campus, Delhi University), MDI and various other Management Institutes. He has addressed more than 2000 seminars on Direct Taxes organized by ICAI, Chambers of Commerce, Universities, etc. He has been appointed by the Government of India as a member of the Committee constituted for Simplification of Income Tax Act. He is an independent director of many reputed companies. He has also been nominated Central council member of the Institute of Chartered Accountants of India by the govt. of India.
CA. (Dr.) Arun Ahuja is a Chartered Accountant, qualifying in the 1991 batch, and a certified System Auditor (DISA) from ICAI. With over three decades of experience, he possesses deep expertise in taxation laws, statutory compliances under various laws, company law matters, auditing, and corporate finance. He has also been conferred a Doctorate (Ph.D.) in recognition of his significant contribution. He has been actively associated with the non-profit voluntary organisation Tax Law Educare Society for over 21 years, where he serves as the General Secretary. He also holds the position of Chief Editor for the Society's publications, contributing regularly to knowledge dissemination in the professional community. He has actively participated in numerous seminars and workshops organised by the Society and has delivered several presentations on audit and taxation topics, reflecting his commitment to professional education and capacity building.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2026
- Edition: 1st
- ISBN: 978-81-6944-935-9
- No.of Pages: 512
The law relating to undisclosed foreign income and assets has assumed considerable importance in the Indian tax landscape. With increasing global mobility of individuals, cross-border transactions, overseas investments, foreign bank accounts and ownership of assets outside India, the need for a clear and comprehensive understanding of the legal framework governing undisclosed foreign income and assets has become increasingly significant.
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 was enacted with the objective of dealing specifically with undisclosed foreign income and assets and to provide for taxation of such income and assets, together with stringent provisions relating to assessment, penalty and prosecution. The legislation operates alongside the general provisions of the income-tax law and has created a distinct and important area of tax practice.
The present book, “Black Money, Undisclosed Foreign Income & Assets – Law & Practice”, has been conceived with the objective of providing a comprehensive and practical understanding of the law relating to undisclosed foreign income and assets. The book incorporates the amendments made by the Finance Act, 2026 and seeks to present the statutory provisions in a systematic, analytical and practice-oriented manner.
Dr. Ravi Gupta did his graduation and post-graduation from Shri Ram College of Commerce. Thereafter, he did LL.B. from Delhi University and MBA (Finance) from Faculty of Management Studies, Delhi. He has been awarded a Ph.D. degree in International Finance by the Delhi University. He is a faculty member at Shri Ram College of Commerce (Delhi University) and also has vast practical experience in handling tax matters of trade and industry. He has been a visiting faculty member at The Indian Law Institute, The Institute of Company Secretaries of India, MFC (South Campus, Delhi University), MDI and various other Management Institutes. He has addressed more than 2000 seminars on Direct Taxes organized by ICAI, Chambers of Commerce, Universities, etc. He has been appointed by the Government of India as a member of the Committee constituted for Simplification of Income Tax Act. He is an independent director of many reputed companies. He has also been nominated Central council member of the Institute of Chartered Accountants of India by the govt. of India.
CA. (Dr.) Arun Ahuja is a Chartered Accountant, qualifying in the 1991 batch, and a certified System Auditor (DISA) from ICAI. With over three decades of experience, he possesses deep expertise in taxation laws, statutory compliances under various laws, company law matters, auditing, and corporate finance. He has also been conferred a Doctorate (Ph.D.) in recognition of his significant contribution. He has been actively associated with the non-profit voluntary organisation Tax Law Educare Society for over 21 years, where he serves as the General Secretary. He also holds the position of Chief Editor for the Society's publications, contributing regularly to knowledge dissemination in the professional community. He has actively participated in numerous seminars and workshops organised by the Society and has delivered several presentations on audit and taxation topics, reflecting his commitment to professional education and capacity building.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
