(1) The tax payable under section 60 and penalty payable under section 61 in respect of the undisclosed asset located outside India, shall be paid on or before a date to be notified by the Central Government in the Official Gazette.
(2) The declarant shall file the proof of payment of tax and penalty on or before the date notified under sub-section (1), with the Principal Commissioner or the Commissioner before whom the declaration under section 59 was made.
(3) If the declarant fails to pay the tax in respect of the declaration made under section59 on or before the date notified under sub-section (1), the declaration filed by him shall be deemed never to have been made under this Chapter.
(2) The declarant shall file the proof of payment of tax and penalty on or before the date notified under sub-section (1), with the Principal Commissioner or the Commissioner before whom the declaration under section 59 was made.
(3) If the declarant fails to pay the tax in respect of the declaration made under section59 on or before the date notified under sub-section (1), the declaration filed by him shall be deemed never to have been made under this Chapter.
आगे पढ़ें / Continue reading
Explore the next section or browse this act in the selected language.
Next · Section 64Undisclosed foreign asset declared not to be included in total income. →All sections / सभी धाराएँThe Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 →
More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Charge of tax.Section 4 · Scope of total undisclosed foreign income and asset.Section 5 · Computation of total undisclosed foreign income and asset.Section 6 · Tax authorities.Section 7 · Change of incumbent.Section 8 · Powers regarding discovery and production of evidence.India Code, Government of India. Text fetched 17 Oct 2026. Source metadata reports last modification: 2019-11-29. Check the linked official text and subsequent notifications when applying a provision.