Section 113 - Tax in the case of block assessment of search cases - Income-tax Act, 1961

1 [Tax in the case of block assessment of search cases. 113. The total 3 [****] income of the block period, determined under section 158BC, shall be chargeable to tax at the rate of sixty per cent: ] 2 [Provided that the tax chargeable under this section shall be increased by a surcharge, if any, levied by any Central Act 4 [****] . ] ---------------- Notes :- 1. Inserted by the Finance Act, 1995, w.e.f. 1-7-1995. Earlier section 113 dealing with Tax in the case of non-resident was omitted by the Finance Act, 1965, w.e.f. 1-4-1965. 2. Inserted by the Finance Act, 2002, w.e.f. 1-6-2002. 3. Omitted vide Section 32 of the Finance (No. 2) Act, 2024 dated 16-08-2024 w.e.f. 01-09-2024 before it was read as, undisclosed 4. Omitted vide Section 32 of the Finance (No. 2) Act, 2024 dated 16-08-2024 w.e.f. 01-09-2024 before it was read as, and applicable in the assessment year relevant to the previous year in which the search is initiated under section 132 or the requisition is made under section 132A