The Income Tax Department has launched the Excel Utility for Income Tax Return (ITR) Form 5 for the Assessment Year 2024-25. This new utility is designed to simplify the tax filing process for various entities, including firms, LLPs, AOPs, BOIs, artificial juridical persons, cooperative societies, and local authorities. It is now accessible for download on the official income tax e-filing website.
The Income Tax Department has released the Excel Utility for ITR-5 for the Assessment Year (AY) 2024-25, streamlining the tax filing process for entities required to submit this form. The utility, now available on the official income tax e-filing portal, caters to firms, Limited Liability Partnershi
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FAQ :
The new ITR-5 Excel Utility is for filing Income Tax Returns for the Assessment Year 2024-25.
ITR-5 is for entities such as firms, Limited Liability Partnerships (LLPs), Association of Persons (AOPs), Body of Individuals (BOIs), artificial juridical persons, cooperative societies, and local authorities. It is not for individuals, HUFs, companies, or those filing ITR-7.
The utility is available on the official income tax e-filing portal of the Income Tax Department.
The first version of the utility was released on 8th June 2024.
The Excel-based utility (Version 1.0) has a file size of 14.6 MB.