§ 192
Chapter XIII — Determination Of Tax In Special Cases
Tax in case of block assessment of search cases
Income-tax Act, 2025
Business owners should note that undisclosed income from a block period is taxed at a specific rate. The total undisclosed income is chargeable to tax at 60%. Additionally, a surcharge may be applied to this tax.
- The tax rate is 60% of the total undisclosed income for the block period.
📜 Official text of the section +
192. (1) Irrespective of anything contained in any other provisions of this Act, the
total undisclosed income of the block period, determined under section 294
shall be chargeable to tax at the rate of 60%.
(2) The tax chargeable under sub-section (1) shall be increased by a surcharge, if
any, levied by any Central Act.
Tax on income from Global Depository Receipts purchased in foreign currency
or capital gains arising from their transfer.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.