The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
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Central or state Act — primary legislation passed by the legislature. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Central Act enacted 2015-05-26. Full text on India Code (indiacode.nic.in).
Key Facts
TypeAct
SourceIndia Code (Historical)
PublishedTuesday, 26 May 2015
Affected Population~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
GDP: $3.9 trillion (2025 est.)
Key Authorities
Ministry of Electronics & ITTRAICERT-InMinistry of FinanceRBI
Key Stakeholders
Internet UsersTech CompaniesStartupsTaxpayersBanks & NBFCsInvestors
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