Income Tax Act 2025: Section 192 for Tax Year 2025-26

Under Section 192(1) of the Income Tax Act 2025, block period income is taxed at 60%, with an additional surcharge as per any Central Act.

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Tax in case of block assessment of search cases

[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]

Section 192(1) of Income Tax Act 2025

(1) The total income of the block period, determined under section 294 shall be chargeable to tax at the rate of 60%.

Section 192(2) of Income Tax Act 2025

(2) The tax chargeable under sub-section (1) shall be increased by a surcharge, if any, levied by any Central Act.


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