Notification/Circular No. – No. 30/2025
Document Date – April 7, 2025
Applicable Act/Rule – Income-tax Act, 1961, Income-tax Rules, 1962
Applicable Section/Rule – Section 158BC, Rule 12AE
Central Board of Direct Taxes (CBDT) has notified Rule 12AE via the Income-tax (Tenth Amendment) Rules, 2025, introducing Form ITR-B for filing block assessment returns under Section 158BC. This is applicable to persons in cases of search initiated under Section 132 or requisition made under Section 132A on or after September 1, 2024.
Form ITR-B must be used by all such assessees to report undisclosed income for the relevant block period. The return is to be furnished electronically. For persons whose accounts are audited under Section 44AB, companies, and political parties, digital signature filing is mandatory. Other individuals may opt for filing either with digital signature or via electronic verification code (EVC). The form also provides guidance on claiming tax credits, which will be verified by the Assessing Officer, particularly in cases other than self-assessment tax.
The Principal DGIT (Systems) will oversee the implementation, including data security, formats, and archival protocols.
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