CBDT Issues Revised ITR-5 Form for AY 2025–26: What’s New
On April 30, 2025, the Central Board of Direct Taxes (CBDT) released a revised version of ITR-5 via Notification No. 41/2025. This updated form will be used for Assessment Year 2025–26 and is part of the 13th Amendment to the Income-tax Rules, 1962. The changes are effective from April 1, 2025 , and apply to certain categories of taxpayers, including LLPs, partnership firms, AOPs, and BOIs , but not individuals, HUFs, or companies . The goal of this update is to promote transparency , increase tax compliance , and align the return filing process with recent legal and policy developments. Below is a simplified breakdown of what has changed and what taxpayers should be aware of. Who Can File ITR-5? The ITR-5 Form is designed for: Limited Liability Partnerships (LLPs) Partnership firms Association of Persons (AOPs) Body of Individuals (BOIs) Artificial Juridical Persons Note: It is not applicable for individuals, HUFs, companies, or entities filing ITR-7. ...