Income Tax Dept Slaps Rs 4,009.64 Cr Tax Under Black Money Act by Dec FY26

• Income Tax department imposed Rs 4,009.64 crore tax on undisclosed foreign income and assets under the Black Money Act in FY26 till December.
• During fiscal 2024-25, Rs 4,556.64 crore tax was imposed under the same act.
• Minister of State for Finance Pankaj Chaudhary provided this information in a written reply to the Lok Sabha.
• Total undisclosed foreign income and assets amounting to Rs 14,636 crore have been assessed under the Black Money Act for cases from Panama, Paradise, and Pandora Paper leaks.
• As of December 31, 2025, 1,368 assessments under the Black Money Act have raised a tax and penalty demand of over Rs 41,257.08 crore, with 167 prosecution complaints filed.

Key Questions Answered

How much tax did the IT department impose under the Black Money Act by Dec 2025?

Based on the available information, the specific tax amount imposed under the Black Money Act by December 2025 is not detailed.

What was the total undisclosed foreign income assessed under the Black Money Act?

The total undisclosed foreign income and assets assessed under the Black Money Act amount to Rs 14,636 crore. This assessment pertains to cases identified from the Panama, Paradise, and Pandora Paper leaks.

How many prosecution complaints were filed under the Black Money Act by Dec 2025?

Based on the available information, details about prosecution complaints filed under the Black Money Act by December 2025 are not currently available.