Black Money Act 2015 being presented as panacea of reforms is a flop show. There is a fundamental principle of governance that without regulation and conducive atmosphere mere deterrence does not work. While this law is aimed at many things including money laundering, the most highlighted provision is the so-called encouragement to bring black money back to India. The present rate of income tax is 30%. The Black Money Law provide a taxation of 60% if the money is brought back to India. If however the undisclosed income is not brought back to country voluntary, there is further provision for penalties in addition to 60% taxation.