The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
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Multiple Choice
What was the primary objective of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?
- To curb the menace of black money stashed abroad.
- To promote foreign investment in India.
- To reduce the tax burden on Indian citizens.
- To provide amnesty to those who had stashed black money abroad.