Vide Finance (No. 2) Act, 2024, the concept of block assessment was introduced by amending provisions of Chapter XIV-B (sections 158B to 158BI of the Act) to be made applicable where a search under ...
Finance Bill 2025 introduces several changes to the block assessment provisions under Chapter XIV-B of the Income-tax Act, 1961, which govern search and requisition cases. The block period is defined ...
Finance Minister Nirmala Sitharaman has suggested defining 'virtual digital asset' as undisclosed income to strengthen cryptocurrency regulations.