Section 84 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 in hindi
The provisions of clauses (c) and (d) of sub-section (1) of section 90, clauses (c) and (d) of sub-section (1) of section 90A, sections 119, 133, 134, 135, 138, Chapter XV and sections 237, 240, 245, 280, 280A, 280B, 280D, 281, 281B and 284 of the Income-tax Act shall apply with necessary modifications as if the said provisions refer to undisclosed foreign income and asset instead of to income-tax.
Summary
- Many existing rules from the Income-tax Act are officially adopted to help run this law.
- These rules cover powers like calling for documents and investigating cases of tax evasion.
- Borrowed rules include those for tax refunds, representing people who have died, and handling appeals.
- The rules apply with necessary changes so they refer to foreign assets and income instead of regular income tax.
Practical examples
FAQ
1. Does Section 84 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 include rules for tax refunds?
Yes, Section 84 of the Black Money Act makes Section 237 of the Income-tax Act, which handles refunds, applicable to this law.
2. Can tax officers use their normal powers of investigation under Section 84 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?
Yes, Section 84 of the Black Money Act adopts Sections 133, 134, and 135 of the Income-tax Act, which grant investigative powers.
3. How are the Income-tax Act sections changed when used under Section 84 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?
They apply with necessary modifications, meaning references to income-tax are treated as references to undisclosed foreign income and assets.
Test yourself
Q1.Under Section 84 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, which of these Income-tax Act sections is specifically made applicable?
Q2.According to Section 84 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, what does Chapter XV of the Income-tax Act relate to in this context?
Q3.Under Section 84 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, borrowed provisions refer to "undisclosed foreign income and asset" instead of what term?
Q4.Which section of the Income-tax Act mentioned in Section 84 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 deals with refunds?