CBDT Raises Exemption Limit from Rs 5 Lakh to Rs 20 Lakh for Undisclosed Foreign Assets

Last updated: 22 August 2025

The Central Board of Direct Taxes (CBDT) has issued a significant amendment to its earlier instruction dated March 15, 2022, concerning prosecution under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA, 2015). Previously, the Board had clarified that pro

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Attached File : 671907_25283_it_ins_bma.pdf

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