Importance of Black Money Act 2015

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Source: Importance of Black Money Act 2015

The importance of the Black Money Act 2015 is based on its capabilities to bring unaccounted foreign assets and income under strict compliance. It ensures that there will be no evasions pertaining to taxes and also helps India adhere to global reporting standards. It becomes imperative for businesses and entities to be in strict compliance with the provisions contained within the above-mentioned act. SKMC Global helps businesses remain on the correct side of law compliance.