Form ITR-B
Taxpayers who have received notice under Section 158BC can now submit Form ITR-B via the e-Proceeding tab on the Income Tax portal
Tag: ITR-B
Online Form ITR-B released for taxpayers who received notice under 158BC
In a significant move aimed at improving taxpayer convenience, the Income Tax Department has enabled the online submission of Form ITR-B for those who have received notices under Section 158BC of the Income Tax Act. This update allows taxpayers to file their return through the e-Proceeding tab on the official income tax portal.
Notification no. 30/2025 dated 07.04.2025- Income tax
Central Board of Direct Taxes (CBDT) issued notification no. 30/2025 dated 07.04.2025 to make the following rules further to amend the Income tax Rules, 1962.
Income tax dept notifies form ITR-B for taxpayers on whom search, or requisition operation has been initiated
The Ministry of Finance has notified form ITR-B for FY 2025-26 (AY 2026-27) through a gazetted notification on April 7, 2025. The form ITR-B is needed to be filed by those taxpayers who have to disclose any previously undisclosed income caught in an income tax search or requisition operation on or after September 1, 2024.