Rakesh Gupta and Raj K. Agarwal's commentary on the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 analyses every section of the Act, fully updated for the Finance Act 2026. Each chapter reproduces the statutory text with the Notes on Clauses, its salient features and the significant issues it raises, framed as legal questions with the authors' considered answers on more than 200 interpretive points.
The 5th Edition (2026) adds the first complete commentary on the Foreign Assets of Small Taxpayers Disclosure Scheme 2026 (FAST-DS 2026) under Sections 130 to 144, and cites all income-tax provisions under both the 1961 and 2025 Acts. It covers taxation of undisclosed foreign income and assets, penalties for non-disclosure in returns, prosecution and procedure, making it a useful reference for tax advocates, chartered accountants and taxpayers with foreign assets. Paperback, 352 pages.
