Black Money Act

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 was enacted to combat the menace of undisclosed foreign assets and income. It empowers the authorities to levy significant taxes and penalties, while also initiating prosecution against individuals and entities holding unreported offshore wealth.

At Lex Clava, we assist clients in navigating this complex legal framework by providing advisory, compliance support, and representation before authorities. Our services include strategic structuring of offshore assets, disclosure assistance, and defense in proceedings arising under the Act.

By blending legal acumen with practical solutions, our team safeguards clients from severe consequences of non-compliance. Whether through preventive guidance, representation in disputes, or advisory on cross-border transactions, we ensure that clients remain compliant while protecting their business and personal interests under the stringent provisions of the Black Money Act.