Section 65: Undisclosed foreign asset declared not to affect finality of completed assessments

Q: What does Section 65 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA) deal with?

Section 65 BMA pertains to "Undisclosed foreign asset declared not to affect finality of completed assessments". It is part of the The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, a legislation enacted by the Parliament of India. Section 65 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA) governs undisclosed foreign asset declared not to affect finality of completed assessments. As verified on 19 May 2026.

Q: Is Section 65 BMA still in force?

Yes, Section 65 of the The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 is currently in force across the Republic of India.

Q: What is धारा 65 BMA?

धारा 65 BMA is the Devanagari Hindi reference for Section 65 of the The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. Section 65 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA) governs undisclosed foreign asset declared not to affect finality of completed assessments. As verified on 19 May 2026.

Q: What is Dhara 65 BMA?

Dhara 65 BMA is the Roman Hindi reference for Section 65 of the The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. "Dhara" means "Section" in Hindi. Section 65 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA) governs undisclosed foreign asset declared not to affect finality of completed assessments. As verified on 19 May 2026.

Q: How to cite Section 65 of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?

Cite as: "Section 65, The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA)" in legal briefs. For academic writing, use the BlueBook format: The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, § 65 (India).

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Thursday, 21 May 2026

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Section 65 BMA (The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015): Undisclosed foreign asset declared not to affect finality of completed assessments | Law on Tips | Law on Tips

Table of Contents

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Chapter VIT — ax compliance for undisclosed foreign income and assets

Section 65

Undisclosed foreign asset declared not to affect finality of completed assessments

The declarant shall not be entitled, in respect of undisclosed asset located outside India declared or any amount of tax paid thereon, to reopen any assessment or reassessment made under the Income-tax Act or the Wealth-tax Act, 1957 (27 of 1957) or claim any set off or relief in any appeal, reference or other proceeding in relation to any such assessment or reassessment.