Undisclosed assets and income under the Black Money Act 2015 refer to any foreign property, bank account, investment, or financial interest that a resident taxpayer owns but fails to report in their income tax return. It also includes income earned abroad that is not declared in India. Such non-disclosure is treated as tax evasion, leading to heavy tax, penalties, and prosecution unde... https://www.skmcglobal.com/blog/undisclosed-assets-and-income-under-black-money-act-2015