Question

What are the recent legislative measures to curb black money in India?

Answer 1

1. SIT – Special Investigation Team on black money under Chairman and (Vice – Chairman of two former judges of the Supreme Court.)
2. The black money (undisclosed Foreign Income and Assets) and Imposition of, tax Act – 2015.
3. MAG – Constitution of Multi-Agency Group.
4. DTAAS – Double Taxation Avoidance Agreement.
5. FATCA – Foreign Account Tax Compliance Act.
6. Money Laundering Act.
7. Enactment of the Benami Transaction Amendment Act.
8. Launching of Operation clean money.
9. Lokpal and Lokayukta Act.
10. The Real Estate Regulation and Development Act of 2016.