{"id":2130,"date":"2025-08-24T20:44:42","date_gmt":"2025-08-24T20:44:42","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=2130"},"modified":"2025-08-24T20:44:44","modified_gmt":"2025-08-24T20:44:44","slug":"income-tax-bma-instructions-dated-18-08-2025-cbdt-amends-black-money-act-provide-rs-20-lakh-asset-exemption","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/24\/income-tax-bma-instructions-dated-18-08-2025-cbdt-amends-black-money-act-provide-rs-20-lakh-asset-exemption\/","title":{"rendered":"Income Tax BMA Instructions Dated 18\/08\/2025 &#8211; CBDT amends Black Money Act, provide Rs. 20 Lakh asset exemption"},"content":{"rendered":"\n<p>The amended instructions relates to prosecution provisions under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The extant instructions provide that prosecution would not be initiated for foreign bank accounts with an aggregate balance of up to \u20b95 lakh. The new instructions now provide that prosecution proceedings under Sections 49 and 50 of the BMA, 2015, will no longer be initiated for assets (excluding immovable property) where the total value does not exceed \u20b920 lakh at any point during the relevant previous year.<\/p>\n\n\n\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1shMvpA2TEuF_xz6H4547-9dU_bSr1SQW\/view?usp=sharing\"><em>(Link: CBDT Instructions Dated 18\/08\/2025)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The amended instructions relates to prosecution provisions under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[8,86],"tags":[],"class_list":["post-2130","post","type-post","status-publish","format-standard","hentry","category-income-tax","category-instructions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Income Tax BMA Instructions Dated 18\/08\/2025 - CBDT amends Black Money Act, provide Rs. 20 Lakh asset exemption - Bhatia Bhola &amp; 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