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Case law › Notifications › 2015 › Notification No. 57/2015 [F.No. 133/33/2015-TPL] / SO 1791(E)
Notification 1 July 2015

Notification No. 57/2015 [F.No. 133/33/2015-TPL] / SO 1791(E)

[To BE Published in the Gazette of India,extraordinary, Part Ii,section 3, Sub-section (ii)]

What this is

Notification No. 57/2015 [F.No. 133/33/2015-TPL] / SO 1791(E) was published on 1 July 2015. Its subject is [To BE Published in the Gazette of India,extraordinary, Part Ii,section 3, Sub-section (ii)].

What it does

In exercise of the powers under section 59 and sub-section (1) of section 63 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, the Central Government appoints two dates for the declaration scheme in section 59 of that Act. The 30th day of September, 2015 is the date on or before which a person may make a declaration in respect of an undisclosed asset located outside India, and the 31st day of December, 2015 is the date on or before which the tax and penalty on the asset so declared must be paid.

Who it reaches

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.
Under the 1961 ActNow
s.3s.3
s.59s.95
s.63s.98

The instrument, as the Board published it

The department publishes this one only as a PDF, so the words below were read out of that PDF by machine. That reading can carry its own mistakes — a misread number, a broken line. Check the signed document before you rely on a figure in it.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA,EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 1st July, 2015
NOTIFICATION
S.O.1791(E).- In exercise of the powers conferred by section 59 and sub-section (1) of section 63 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015), the Central Government hereby appoints --
(i) the 30thday of September, 2015 as the date on or before which a person may make a declaration in respect of an undisclosed asset located outside India;
(ii) the 31st day of December, 2015 as the date on or before which a person shall pay the tax and penalty in respect of the undisclosed asset located outside India so declared,
under the provisions of section 59 of the said Act.
[Notification no. 57/2015, F.No. 133/33/2015-TPL]
(Amit Katoch)
Under Secretary to the Government of India

From when

30 September 2015 for the declaration and 31 December 2015 for payment of tax and penalty.

What to watch

Where you meet it

In making a declaration under section 59 of the Black Money Act and in paying the tax and penalty on the declared asset within the appointed date.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

← Notification No.56/2015 [F.No. 133/33/2015-TPL] / SO 1790(E)  ·  Notification No. 55/2015 [F.No. 203/22/2015-ITA.II] →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.