Explained: How govt’s black money law is helping crack down on undisclosed income

The government's black money law has helped detect several instances where Indians have been found stashing undisclosed income overseas. Here is all you need to know.

The black money law enacted by the government in 2015 to crack down on undisclosed foreign income and assets has started showing significant results. Under various sections of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 till May 31, orders have been passed in 166 cases.