Quick Summary
The Central Board of Direct Taxes (CBDT) has notified a new income tax return form, ITR-BN, for taxpayers covered under block assessment proceedings arising from search and requisition actions under the Income Tax Act, 2025. The change has been introduced through the Income-tax (Third Amendment) Ru
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FAQ :
The ITR-BN is a specialised income tax return form designed for taxpayers undergoing block assessment proceedings that arise from search, seizure, or requisition actions by tax authorities.
Taxpayers who are subject to block assessment proceedings due to search or requisition actions initiated under Sections 247 or 248 of the Income Tax Act, 2025, on or after April 1, 2026, will need to use this form.
The form requires detailed information including personal details, search initiation details, previous returns filed, income declared, undisclosed income detected during the block period, and details of assets and transactions.
The rules regarding the ITR-BN form are deemed to have come into force from April 1, 2026.
The ITR-BN form is intended to facilitate the assessment of income discovered during search proceedings, standardise disclosures, and improve the administration of search and seizure cases under the new tax law regime.
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