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of <h1>Clause 443 of Income Tax Bill 2025: 10% Penalty on Undisclosed Income per Sections 102-106, Exempt from Section 439 Penalties.</h1> Clause 443 of the Income Tax Bill, 2025, allows for a 10% penalty on the tax payable if an assessee's income includes amounts as specified in sections 102 to 106, unless these amounts are declared in the return of income and the appropriate tax is paid by the end of the tax year. This penalty is additional to the tax due under section 195. The clause exempts penalties under section 439 for such income and applies the provisions of sections 471 and 472 to these penalties. The clause targets undisclosed cash credits, investments, and similar financial elements.
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