📢 New Income Tax Update: ITR-B Filing Enabled

New Income Tax Update: ITR-B Filing & Tax Payment Now Enabled for Section 158BC Block Assessments

The Income Tax Department has introduced major digital updates for taxpayers who have received notices under Section 158BC of the Income Tax Act, 1961. These changes make the process of filing returns and paying taxes for block assessments more streamlined through the official Income Tax e-filing portal.

🔍 What is Section 158BC?

Section 158BC deals with block assessment in cases involving search or requisition under Section 132 or 132A. It requires the taxpayer to file a return (Form ITR-B) for the entire block period (usually 10 years prior to the date of search).

✅ 1. ITR-B Filing Now Enabled via e-Proceeding Tab

Taxpayers who have received notice under Section 158BC can now file their Form ITR-B online through the e-Proceeding tab on the Income Tax portal.

📌 How to File:

1. Login to www.incometax.gov.in
2. Navigate to: e-Proceeding > View Notices > Submit Response
3. Select the relevant Section 158BC notice
4. Upload Form ITR-B and submit along with required documentation

Note: ITR-B can only be filed after a notice is issued; it is not for voluntary filing.

💳 2. Payment of Taxes for Block Assessment Now Enabled

Along with return filing, the portal has also enabled online tax payment specifically for block assessments.

💡 How to Pay Self-Assessment Tax for Block Assessment:

• 🔐 Post Login Method:
  • Login to Income Tax Portal
  • Go to e-File > e-Pay Tax > New Payment
  • Select Self-Assessment Tax for Block Assessment
• 🔓 Pre-Login Method:
  • Visit Income Tax Portal
  • Go to Quick Links > e-Pay Tax
  • Select Self-Assessment Tax for Block Assessment

🧾 Summary:

🧾 Why This Matters
This digital update makes the process more transparent and time-efficient for taxpayers and professionals dealing with block assessments after search or requisition cases.

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