New ITR Form 5 for AY 2025-26: Key Highlights Explained

Rashmi , Last updated: 05 May 2025  
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The Income Tax Department has released a revised Income Tax Return (ITR) Form 5, notified by CBDT via Notification No. 42/2025 dated May 1, 2025, applicable from April 1, 2025, for the Assessment Year 2025-26. This new form is used by: Firms (excluding individual proprietorships), LLPs (Limited

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Rashmi
(business)
Category Income Tax   Report

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