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The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
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What was the primary objective of The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015?
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A
To curb the menace of black money stashed abroad.
💡 Explanation:
The primary objective of the Act was to curb the menace of black money stashed abroad by Indian citizens and entities, and to bring it back into the Indian economy.