CBDT Notifies Form ‘ITR-B’ for Furnishing ITR for Block Assessment

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  • Last Updated on 10 April, 2025

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Form ITR-B

Notification no. 30/2025, dated 07-04-2025

The Central Board of Direct Taxes (CBDT) has notified the Income-tax (10th Amendment) Rules, 2025, inserting Rule 12AE to the Income-tax Rules, 1962. The rule provides that the return of income required to be furnished by any person under section 158BC(1)(a) relating to any search initiated under section 132 or requisition made under section 132A on or after 01-09-2024 shall be in the Form ITR-B.

Any person whose accounts are required to be audited under section 44AB of the Act, a company, or a political party shall furnish the return electronically under digital signature. All other persons can submit ITR using an electronic verification code. The form seeks the following details:

(a) General Information

  • Personal and business details (e.g., PAN, name, contact information, Aadhaar, and residential status).
  • Information about the search initiation date, the block period, and return details in response to the notice under section 158BC.

(b) Income Details

  • Breakdown of income for the assessment years comprising the block period.
  • Categories include salaries, income from house property, business or profession, capital gains, income from other sources, and the total income for each assessment year.

(c) Undisclosed Income

  • Computation of undisclosed income for the block period, specifying sections under the Income-tax Act (e.g., section 158BB) and categorizing income by type (e.g., speculative business, international transactions).

(d) Tax Payable

  • Computation of tax payable on undisclosed income, including surcharge and health and education cess.
  • Total tax payable, taxes paid, and balance payable/refundable.

(e) Tax Credits and Payments

  • Details of TDS/TCS credits and self-assessment tax payments not previously claimed.
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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied