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.