Dear Professional Colleague,
As you are aware, The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015 has been passed in the Lok Sabha on 11th of May, 2015 and in the Rajya Sabha on 13th May, 2015. The intention of the Government behind this is to curb the menace of black money with stringent provisions for those keeping illegal wealth abroad.
With regard to the same, the Direct Taxes Committee of ICAI has taken an initiative to invite suggestions/comments on the same for submitting suitable representations to the Government.
Members are requested to email their views, comments and queries in relation to The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015 at firstname.lastname@example.org.
The same has been attached for your kind reference.
CA. Tarun Jamnadas Ghia CA. Sanjay Agarwal
Direct Taxes Committee, ICAI Direct Taxes Committee, ICAI
CA Yashu Goel