Chapter V — Offences And Prosecutions

Section 50 — Punishment for failure to furnish in return of income, any information about an asset (including financial interest in any entity) located outside India

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 · Preview

If any person, being a resident other than not ordinarily resident in India within the meaning of clause (6) of section 6 of the Income-tax Act, who has furnished the return of income for any…