The Central Board of Direct Taxes (CBDT) has considered the queries received from the public about the tax compliance provisions under Chapter-VI of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (‘Black Money Act’) and issued a Circular here today clarifying another set of 27 queries.  The Circular is available on the website of the Income-tax Department atwww.incometaxindia.gov.in. Earlier the Board had issued a Circular on 6^th July, 2015 clarifying 32 queries regarding tax compliance provision under the said Act..
 
The Black Money Act has introduced a tax compliance provision under Chapter-VI of the Act. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 (the Rules) were also notified vide Notification no. G.S.R. 529 (E) dated 2^nd July, 2015.