This New ITR Form can help you incase you are caught hiding Income: CBDT notifies ITR-B [Read Notification]:

CBDT has notified a New ITR Form to be used in case of block assessment during Income Tax Search

CBDT notifies ITR-B for Search Assessment

CA Pratibha Goyal

Apr 9, 2025

Last update on Apr 9, 2025

This New ITR Form can help you incase you are caught hiding Income: CBDT notifies ITR-B [Read Notification] The Central Board of Direct Taxes (CBDT) has notified a new Income Tax Return Form (ITR-B) for the procedure for Block Assessment. CBDT notified rule 12AE, announcing Return of income to be filed under section 158BC. This return of income required to be furnished by any person on whom search has been initiated, or his books of account or other documents or any assets are requisitioned. The ITR Form will be filed relating to any search initiated under section 132 or requisition made under section 132A on or after the 1st day of September 2024.

When to use ITR-B

Normally, one has to file ITR-1, 2, 3, 4, 5, 6, and 7, but if someone is having a search, he has to file form ITR-B. The form is to be specifically filed for the block period for which the search has taken place. The Notification is given below for your reference.

About Author

CA Pratibha Goyal

Co Founder

CA Pratibha Goyal is Chartered Accountant qualified in 2016, is a Member of The Institute of Chartered Accountants of India having wide experience in the field of Auditing, Taxation, ROC, GST and Secretarial matters etc. She has written over a thousand articles & has made several videos on topics related to Auditing & Taxation. As a Speaker she has delivered various sessions on various branches of NIRC of ICAI.