So - if the taxman was to discover an undisclosed immovable property in India acquired in 2010 - it_____________ taxed not at the current market value but atthe price paid for the property at the time of its purchase. But - as per the Black Money Act - the current market value of the foreign property on the date of its _____________ would be subjected to tax. This means that the tax shall_____________ payable on the 'black money' paid to acquirethe property - but also on the appreciation in the price ofthe property -” not to mention the _____________ in the foreign currency.