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

Last updated: 05 May 2025

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.

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

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.