What is ITR-BN? CBDT notifies new income tax return form; check eligibility and filing details
CBDT has introduced ITR-BN form for block assessments from search and seizure cases under the Income-tax Act, 2025.
ITR-BN is effective from April 1, 2026, and applies only to taxpayers receiving a block assessment notice.
Block assessment evaluates undisclosed income from multiple prior assessment years in a single proceeding.
The form is designed to streamline reporting of undisclosed income discovered during search operations.
ITR-BN is not for regular filers; it is for cases where search is initiated under Section 247 or requisition under Section 248.
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