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<h1>Income Tax Bill 2025 Clause 443 imposes 10% penalty on undisclosed income under sections 102-106</h1> The Income Tax Bill 2025's Clause 443 imposes a 10% penalty on tax payable for undisclosed income under sections 102-106, including unexplained cash credits, investments, and expenditures. This provision mirrors Section 271AAC of the 1961 Act but updates cross-references and terminology. The penalty applies when authorities determine such income exists, with exceptions for voluntary disclosure in returns with timely tax payment. The clause prevents double penalties and incorporates procedural safeguards. Both provisions aim to deter tax evasion while encouraging compliance through voluntary disclosure mechanisms.