Finance Acts

Section - 50 - Amendment of section 158BB

Amendment of section 158BB.

50. In section 158BB of the Income-tax Act, with effect from the 1st day of September, 2024,-

(A)- in the marginal heading, for the words "total income", the words "total undisclosed income" shall be substituted and shall be deemed to have been substituted;
(B)- for sub-section (1), the following sub-sections shall be substituted and shall be deemed to have been substituted, namely:-
-"(1) The total undisclosed income referred to in sub-section (1) of section 158BA of the block period shall be the aggregate of the following, namely:-
(a)- undisclosed income declared in the return furnished under section 158BC;
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