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of <h1>Amendment to Section 245C: New Income Disclosure Thresholds for Tax Applications Post-June 2010 Under Finance Act.</h1> Section 245C of the Income-tax Act was amended by the Finance Act, 2010, effective June 1, 2010. The amendment specifies that an application cannot be made unless the additional income-tax payable on disclosed income exceeds fifty lakh rupees for cases involving assessment or reassessment under sections 153A or 153C. In other cases, the threshold is ten lakh rupees. Furthermore, the tax and interest due must be paid before the application date, with proof of payment attached to the application.
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