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of <h1>New Income Tax Bill 2025: Clause 195 Enforces 60% Tax on Specified Incomes, Disallows Deductions and Offsets</h1> Clause 195 of the Income Tax Bill, 2025, addresses the taxation of income specified in sections 102 to 106. It mandates that if an assessee's total income includes such income, whether declared in the return or determined by the Assessing Officer, the tax payable will be the sum of 60% on this income and the tax on the remaining income. No deductions, allowances, or loss offsets are permitted for computing the income under these provisions.
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