Tax on undisclosed income in block assessments attracts a specified special rate and applicable surcharge after searches or requisitions. The provision subjects undisclosed income determined for the block period under the block assessment mechanism to a special tax rate, increased by any ... Summary
Tax on undisclosed income in block assessments attracts a specified special rate and applicable surcharge after searches or requisitions.
The provision subjects undisclosed income determined for the block period under the block assessment mechanism to a special tax rate, increased by any applicable Central surcharge for the assessment year relating to the previous year in which a search or requisition is effected.
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