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        Bills

        Clause 46 - Amendment of section 158B.

        Finance Bill, 2025
        Chapter III
        DIRECT TAXES
        Income-tax

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        Undisclosed income definition expanded to include virtual digital assets, triggering retrospective tax treatment and reporting obligations. Section 158B's clause (b) is amended to insert the term 'virtual digital asset' alongside money, bullion and jewellery, thereby expanding the definition of undisclosed income; the insertion is deemed effective retrospectively from 1st February, 2025.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Undisclosed income definition expanded to include virtual digital assets, triggering retrospective tax treatment and reporting obligations.

                                Section 158B's clause (b) is amended to insert the term "virtual digital asset" alongside money, bullion and jewellery, thereby expanding the definition of undisclosed income; the insertion is deemed effective retrospectively from 1st February, 2025.


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