Assessment under the Black Money Act and Voluntary Disclosure Scheme
Declare undisclosed income, foreign assets and wealth under safe-harbour provisions with minimal penalty.
The Black Money Act and Voluntary Disclosure Schemes allow taxpayers to come clean on previously unreported income and assets by declaring them upfront and paying tax plus a graded penalty. We help you qualify for safe harbour, calculate the correct penalty tier, file the declaration and report the income on your ITR.
Black Money Act compliance
Complete guidance on voluntary disclosure, penalty tiers and safe-harbour rules under black money legislation.
- Eligibility for Voluntary Disclosure Scheme
- Penalty tier determination (no scrutiny guarantee)
- Unreported income calculation and consolidation
- Foreign asset and bank account disclosure
- Tax computation and TDS adjustment
- Payment timing and ITR filing coordination
- Post-disclosure compliance safeguards
What this service includes
The core elements of Assessment — Black Money Act work.
Eligibility Check
Determine if you qualify for the scheme and whether safe-harbour limits protect you from scrutiny.
Penalty Calculation
Compute the correct penalty tier (nil, 10%, 30% or 60%) based on amount and asset type.
Payment Structuring
Determine payment timing and method to secure the safeguard against reassessment.
ITR Amendment
Amended ITR filed after disclosure so your returns match the department's records.
Our process
From initial consultation to completion.
Engagement & Scope
Understand your situation and define the scope of work and deliverables.
Analysis & Strategy
Review your existing filings, identify issues and develop a corrective strategy.
Implementation
Execute filings, submissions and required responses with full documentation.
Completion & Support
Deliver final work, support any follow-up and integrate with ongoing compliance.
Why we lead in Assessment
What sets our approach apart.
Safe harbour
Properly structured disclosure locks in penalty and prevents reassessment or prosecution.
Expert guidance
Penalties and safe-harbour rules are complex; miscalculation can invalidate your protection.
Legal representation
We handle all correspondence with the department post-disclosure to ensure your safe harbour holds.
Assessment — Black Money Act questions answered
What people ask before engaging us.
Ready for expert Assessment support?
Let our team help you navigate this process with clarity and confidence.
