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of <h1>Tax Amendment: Section 158BC(1) Modified to Focus on 'Total Undisclosed Income' with New 30-Day Extension Provision</h1> The Finance Act, 2025 amends section 158BC(1) of the Income-tax Act effective September 1, 2024. It removes references to 'total income, including the' and replaces 'total income including the undisclosed income' with 'total undisclosed income' in multiple clauses. A new proviso allows for a 30-day extension for furnishing returns in specific circumstances: when the due date hasn't expired before search/requisition, the assessee requires audit under section 44AB, accounts remain unaudited at notice issuance, and the assessee requests extension in writing to complete the audit. The second proviso in clause (c) is omitted.
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