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      Question

      As per the proposed amendment for Black Money Act under

      the Union Budget 2024-25, what is the foreign assets worth up to ____ for which penalties will be removed?
      A Rs. 10 Lakhs Correct Answer Incorrect Answer
      B Rs. 20 Lakhs Correct Answer Incorrect Answer
      C Rs. 30 Lakhs Correct Answer Incorrect Answer
      D Rs. 50 Lakhs Correct Answer Incorrect Answer
      E Rs. 1 Crore Correct Answer Incorrect Answer

      Solution

      Ā  The proposed amendment to the Black Money Act under the Union Budget 2024-25 suggests that penalties will be removed for foreign assets worth up to Rs. 20 Lakhs.

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