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of <h1>Computation of undisclosed income during block period: special returns, AO determinations, exclusions, partner payments, and carryforward limits</h1> Total undisclosed income for the block period equals undisclosed income declared under the special return plus income determined by the Assessing Officer. Specified incomes and earlier-assessed or timely-declared amounts are excluded, as are incomes computed from regular books for specified pre-search or inter-authorisation periods unless the Assessing Officer recomputes them. Undisclosed income is computed from search/survey/requisition evidence and other material; income from international or specified domestic transactions within the last authorisation period is excluded from block computation and assessed separately. For firms, partner payments are excluded before computing firm income; certain assessment provisions and transfer-pricing rules apply mutatis mutandis. Losses and unabsorbed depreciation preceding the block cannot be set off against block undisclosed income but may be carried forward for later years.
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