CBDT Notifies New ITR-5 Form for AY 2025-26
The Central Board of Direct Taxes (CBDT) has officially notified that a revised Income Tax Return (ITR) Form 5 will be applicable for Assessment Year 2025-26.
This revised form was published in the Gazette of India via Notification No. 42/2025 dated May 01, 2025. It is effective from April 01, 2025.
ITR Form 5 is an important form which is used by:
- Firms
- Limited Liability Partnerships (LLPs)
- Association of Persons (AOPs)
- Body of Individuals (BOIs)
- Certain cooperative societies and trusts not eligible to file ITR-7
What’s New Update in ITR Form 5?
The newly revised ITR Form 5 has several changes that aim at enhancing compliance accuracy and data collection. Some of the notable updates are described below;
Improved Identification of Entity
The Taxpayers are now required to provide updated details such as:
- Name (including any recent changes)
- Permanent Account Number (PAN)
- Date of Formation & Commencement of Business
- LLP Identification Number (if applicable)
Expanded Address Details
Now, it’s mandatory to provide detailed residential or office address, including;
- Flat/Door Number
- Premises/Building Name
- Locality, District, State and Pincode
- Country
- Communication Details (landline & two mobile numbers)
- Two Email Addresses
Clear Filing Status & Deadlines
A new dropdown-style selection has been introduced to specify the due date of return filing:
- July 31
- October 31
- November 30
This 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
Disclosure for Business Trusts
A new checkbox requires declaration on whether the entity is a business trust, ensuring proper categorization and applicability of tax provisions.
Why does this update matter?
This significant change aligns with the government’s continuing efforts towards digitization of tax administration, reducing ambiguity in tax filings, and broadening the compliance net. The revised form is designed to collect granular information, which can help in risk-based assessments, quicker processing, and enhanced analytics.
Taxpayers falling under the scope of ITR-5 carefully need to review the new format and ensure accurate reporting to avoid penalties and delays.
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