New Delhi, July 30 -- The Central Board of Direct Taxes (CBDT) has notified a new income tax return form for block assessments arising from search and seizure cases. The ITR-BN (income tax return for block assessment) form has been introduced under the Income-tax Act, 2025 and will take effect retrospectively from April 1, 2026.

However, this return form is not meant to be filed by compliant salaried individuals or other regular taxpayers. It is applicable only to those who receive a notice for block assessment after a search or seizure action initiated by the income tax department. This dedicated form aims to streamline the reporting of undisclosed income and make it easier to assess such cases.

Block assessment is a special procedure ...