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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?

  1. To curb the menace of black money stashed abroad.
  2. To promote foreign investment in India.
  3. To reduce the tax burden on Indian citizens.
  4. To provide amnesty to those who had stashed black money abroad.