Income Tax Bill 2025: Clause 103 targets unexplained investments, treating unrecorded or excess investments as taxable income.

Clause 103 of the Income Tax Bill, 2025, addresses unexplained investments. It stipulates that if an assessee makes an investment not recorded in their books of account, or if the investment exceeds recorded amounts, and fails to satisfactorily explain the nature and source of such investment, the value of the investment or excess amount will be considered the assessee's income for that tax year. This provision outlines the conditions under which such investments are deemed unexplained and included in the assessee's total income.