ITR-B Introduced for Post-Search Returns under Section 158BC

Last updated: 10 April 2025

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The Central Board of Direct Taxes has introduced a new Income Tax Return form, ITR-B, for post-search returns under Section 158BC of the Income-tax Act, 1961. This amendment to the Income-tax Rules, 1962, is effective from September 1, 2024. The ITR-B form is specifically for returns related to searches initiated or requisitions made on or after this date.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 7th April, 2025
No. 30/2025

G.S.R. 221(E).––In exercise of the powers conferred by section 158BC read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income tax Rules, 1962, namely:-

1.(1) These rules may be called the Income-tax (Tenth Amendment) Rules, 2025.

(2) They shall be deemed to have come into force on the 1st day of September, 2024.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), after rule 12AD, the following rule shall be inserted, namely: ––

“12AE. Return of income under section 158BC.– (1) The return of income required to be furnished by any person under clause (a) of sub-section (1) of section 158BC, relating to any search initiated under section 132 or requisition made under section 132A on or after the 1st day of September, 2024 shall be in the Form ITR-B and be verified in the manner indicated therein.

(2) The return of income referred to in sub-rule (1) shall be furnished by a person, mentioned in column (2) of the Table below in the manner specified in column (3) thereof: ––

Please refer to the attachment for full notification

FAQ :

A new form called ITR-B has been introduced for filing income returns.

The ITR-B form is applicable for returns of income under Section 158BC.

These rules are deemed to have come into force on the 1st day of September, 2024.

The ITR-B form is required for returns relating to any search initiated under section 132 or requisition made under section 132A on or after the 1st day of September, 2024.

The Central Board of Direct Taxes introduced these new rules.

Notification No : 30/2025
Source : https://egazette.gov.in/(S(g1y4qi3vxihmx2l4zheptgu0))/ViewPDF.aspx

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