Section 83 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 in hindi
Notwithstanding anything contained in the Income-tax Act, all information contained in any statement or return made or furnished under the provisions of that Act or obtained or collected for the purposes of the said Act may be used for the purposes of this Act.
Summary
- Information found in income tax records can be used for the purposes of this law.
- This applies regardless of any conflicting rules in the regular Income-tax Act.
- Authorities can use statements or tax returns that a person has previously submitted for income tax.
- Any data collected or obtained for the Income-tax Act is available for investigations under this Act.
Practical examples
FAQ
1. Can my old income tax returns be shared with authorities under Section 83 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?
Yes, Section 83 of the Black Money Act says that all information in statements or returns furnished under the Income-tax Act can be used for this law.
2. Does the Income-tax Act stop the sharing of data with investigators under Section 83 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?
No, Section 83 of the Black Money Act applies notwithstanding anything contained in the Income-tax Act.
3. What specific data is available for use under Section 83 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?
Information contained in any statement or return made under the Income-tax Act, or any data collected for that Act, can be used.
Test yourself
Q1.Under Section 83 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, what source of information is made available?
Q2.How does Section 83 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 interact with the Income-tax Act?
Q3.Under Section 83 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, who can use the collected information?
Q4.Which of the following is NOT mentioned as a source of information in Section 83 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?