CBDT notifies ITR Form-5 for the Assessment Year 2025-26

By Author / May 3, 2025
CBDT Notification – 2025

The Central Board of Direct Taxes (CBDT) has issued Notification No. 42/2025 dated May 1, 2025, notifying Income Tax Return (ITR) Form-5 for the Assessment Year 2025-26.

Who Should File ITR Form-5?

ITR Form-5 is applicable for persons other than:

  1. Individuals
  2. Hindu Undivided Families (HUFs)
  3. Companies
  4. Persons required to file ITR-7

This includes entities such as:

  • Firms
  • Limited Liability Partnerships (LLPs)
  • Associations of Persons (AOPs)
  • Bodies of Individuals (BOIs)
  • Artificial Juridical Persons
  • Cooperative societies, and
  • Local authorities (excluding those under ITR-7)

Key Details of the Notification

The newly notified form ensures improved compliance and streamlined reporting for non-individual taxpayers. This move is part of the ongoing efforts by the CBDT to enhance the tax filing infrastructure and clarity.

Taxpayers who fall under the eligibility of Form-5 are advised to review the form’s structure, applicable schedules, and requirements well before filing. Early familiarization will help prevent errors and ensure timely submission.

Final Note

The availability of the updated ITR forms will help tax professionals and entities better prepare for AY 2025-26 filings. For further updates, always refer to the official Income Tax India e-filing portal.