Treatise on the Black Money Act of India Law Practice & Jurisprudence By T P Ostwal & Kush Vatsara 1st Edition Jan 2026

Treatise on the Black Money Act By T P Ostwal & Kush Vatsara

Treatise on the Black Money Act T P Ostwal & Kush Vatsara

About the Book:

A Treatise on the Black Money Act of India – Law Practice & Jurisprudence offers a comprehensive analysis of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA), based on a decade of ITAT decisions and High Court rulings. It examines assessments, appeals, penalties, and prosecutions, providing insights into tax authorities’ practices and common legal challenges.

The BMA has raised awareness about the issue of foreign black money but its effectiveness in recovering overseas assets and penalizing tax evaders is being tested due to various practical and judicial challenges.

The book evaluates the law’s substantive and practical provisions to enable better understanding and compliance. It serves as a vital resource for tax and legal practitioners, taxpayers, and authorities, addressing theoretical interpretations, key judicial rulings, and providing a framework for understanding complex BMA cases.

Content of the Books is as follows –

1. Introduction
2. General Overview.
3. Chapter I of the Black Money Act (Section 1 – 2)
4. Chapter II of the Black Money Act. (Section 3 – 5)
5. Chapter III of the Black Money Act. (Section 6 – 40)
6. Chapter IV of the Black Money Act. (Section 41 – 47)
7. Chapter V of the Black Money Act. (Section 48 – 58)
8. Chapter VI of the Black Money Act. (Section 59 – 72)
9. Chapter VII of the Black Money Act. (Section 73 – 88)
10. Residential Status.
11. Complementary & Supplementary Regulatory Environment

Appendices

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

About the Author:

T P Ostwal is a leading authority in international taxation and transfer pricing, with over four decades of professional experience. He is the Founder of T. P. Ostwal & Associates LLP and has served on several influential bodies, including the UN Subcommittee on Transfer Pricing and various expert committees of the Government of India. Widely recognised for his policy contributions and practical expertise, he has advised on complex cross-border tax matters and represented clients at all appellate levels. A respected author and speaker, he brings deep insight into the interpretation and administration of India’s evolving tax laws.

Kush Vatsaraj is a partner at M/s Vatsaraj & Co., and the 4th generation member of the audit and tax firm established in 1934. A Chartered Accountant with more than 10 years of professional experience, he has previously worked at M/s T P Ostwal & Associates LLP. His expertise spans international taxation, transfer pricing, cross-border structuring, FEMA, valuations, tax litigation, and advising clients from start-ups to global conglomerates and HNIs. He writes and speaks widely, has contributed to the UN Transfer Pricing Manual 2021, and holds roles with FIT and IFA. Outside work, he enjoys reading, follows Manchester United, and pursues wildlife and nature photography.