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of <h1>Tax Amendments: Section 158BB Redefines 'Total Undisclosed Income' Calculation for Block Period Assessments</h1> The Finance Act, 2025 amends section 158BB of the Income-tax Act effective September 1, 2024. The amendment replaces 'total income' with 'total undisclosed income' in the marginal heading and restructures how undisclosed income is calculated during block period assessments. The revised provision defines total undisclosed income as the aggregate of income declared in returns under section 158BC and income determined by the Assessing Officer. It specifies exclusions from total undisclosed income, including previously assessed income, income declared in returns filed before search/requisition, and income computed based on regular book entries. The amendment also addresses international transactions and modifies tax charging provisions while omitting sub-section (6).
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