CBDT Notifies New ITR-5 Form for AY 2025-26

Last updated: 05 May 2025

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The Central Board of Direct Taxes (CBDT) has released a revised Income Tax Return (ITR) Form 5 for Assessment Year 2025-26, effective from April 1, 2025. This updated form is designed for entities such as Firms, LLPs, AOPs, BOIs, and certain cooperative societies and trusts. Key changes include enhanced requirements for entity identification and address details, a clearer selection for filing status and deadlines, and a new disclosure for business trusts. These revisions aim to improve tax administration digitisation, reduce ambiguity, and capture more granular data for better risk assessment and processing.

The Central Board of Direct Taxes (CBDT) has officially notified a revised Income Tax Return (ITR) Form 5 applicable for Assessment Year 2025-26.

The revised form was published in the Gazette of India via Notification No. 42/2025 dated May 1, 2025, and is effective from April 1, 2025.

New ITR-5 Form for AY 2025-26 Notified by CBDT

ITR Form 5 is primarily used by:

Firms,
Limited Liability Partnerships (LLPs),
Association of Persons (AOPs),
Body of Individuals (BOIs), and
Certain cooperative societies and trusts not eligible to file ITR-7.

What's New in ITR Form 5?

The newly revised ITR Form 5 brings several changes aimed at improving compliance accuracy and data capture. Here are the notable updates:

1. Enhanced Entity Identification

Taxpayers must now provide updated details such as:

Name (including any recent changes),
PAN (Permanent Account Number),
Date of formation and commencement of business,
LLP Identification Number (if applicable).

2. Expanded Address Details

Detailed residential or office address is now mandatory, including:

Flat/Door Number,
Premises/Building Name,
Locality, District, State, and Pincode,
Country,
Contact details (landline and two mobile numbers),
Two email addresses.

3. Clear Filing Status and Deadlines

A new dropdown-style selection has been introduced to specify the due date of return filing:

July 31,
October 31,
November 30.

The form also mandates taxpayers to indicate the section under which the return is being filed, such as:

Section 139(1) - within due date,
Section 139(4) - belated return,
Section 139(5) - revised return,
Section 92CD - modified return under APA,
Section 119(2)(b) - under CBDT condonation.

4. Disclosure for Business Trusts

A new checkbox seeks declaration on whether the entity is a business trust, thereby ensuring proper categorization and applicability of tax provisions.

Why the Revision Matters

This overhaul aligns with the government's continuing efforts to digitize tax administration, reduce ambiguity in tax filings, and widen the compliance net. The revised form is structured to capture granular information, which is likely to aid in risk-based assessments, faster processing, and improved analytics.

Taxpayers falling under the scope of ITR-5 are advised to carefully review the new format and ensure accurate reporting to avoid penalties or delays.

FAQ :

The ITR-5 Form is primarily for Firms, Limited Liability Partnerships (LLPs), Association of Persons (AOPs), Body of Individuals (BOIs), and certain cooperative societies and trusts that are not eligible to file ITR-7.

The revised ITR-5 Form is effective from April 1, 2025, for Assessment Year 2025-26.

Key changes include enhanced entity identification details (Name, PAN, formation date), more detailed address requirements, a new dropdown for filing deadlines (July 31, Oct 31, Nov 30), and a checkbox for business trust declaration.

Taxpayers must now provide updated details such as Name (including changes), PAN, Date of formation and commencement of business, and LLP Identification Number if applicable.

Detailed residential or office address is now mandatory, including Flat/Door Number, Premises/Building Name, Locality, District, State, Pincode, Country, landline and two mobile numbers, and two email addresses.

The revision aligns with the government's efforts to digitise tax administration, reduce ambiguity in filings, widen compliance, and capture granular information for better risk-based assessments and processing.

Attached File : 671907_24814_262842.pdf

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