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1961Section 113

113. Tax in the case of block assessment of search cases.

In the 2025 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

The total 24[undisclosed] income of the block period, determined under section 158BC, shall be chargeable to tax at the rate of sixty per cent:

Provided that the tax chargeable under this section shall be increased by a surcharge, if any, levied by any Central Act 25[***].

Footnotes

  1. 24.Ins. by Act No. 7 of 2025, w.r.e.f. 1-9-2024.↩
  2. 25.Words "and applicable in the assessment year relevant to the previous year in which the search is initiated under section 132 or the requisition is made under section 132A" omtt. by Act No. 15 of 2024, w.e.f. 1-9-2024.↩

Income-tax Act, 1961: text as on 22 May 2026 · Official source ↗ ·