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# undisclosedincome

1 posts in `undisclosedincome` tag

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Income tax

Section 271AAB Revisions in Finance Bill 2025: What Taxpayers Must Know

The Finance Bill 2025 introduces significant amendments to Section 271AAB of the Income Tax Act, 1961, focusing on penalties for undisclosed income during search and seizure operations. This blog delves into the increased penalty rates, revised disclosure timelines, and stricter compliance requirements, providing a comprehensive understanding of how these changes affect taxpayers and the broader implications for tax compliance