CBDT has notified a New ITR Form to be used in case of block assessment during Income Tax Search
CA Pratibha Goyal | Apr 9, 2025 |
![This New ITR Form can help you incase you are caught hiding Income: CBDT notifies ITR-B [Read Notification]](/cdn-cgi/image/fit=contain,format=webp,gravity=auto,metadata=none,quality=80,width=1200,height=730/wp-content/uploads/2025/04/ITR-B-for-Search-Assessment.jpg)
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.
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.
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