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

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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