ITR filing 2025: CBDT notifies ITR-B to report undisclosed income

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The story "ITR filing 2025: CBDT notifies ITR-B to report undisclosed income" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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ITR filing 2025: CBDT notifies ITR-B to report undisclosed income - Business Standard

Quick Summary:

The taxpayer must accurately declare all previously undisclosed income that was discovered during the search or requisition.

Lastly, it is important to exclude any income arising from international or specified domestic transactions under section 158BB(3) from ITR-B, as these will be assessed separately.

The standard deadline for filing ITR-B is typically 60 days from the date of the tax notice issued following a search or requisition operation.