ITR-5 is the Income Tax Return form applicable to firms, LLPs, Associations of Persons (AOPs), Bodies of Individuals (BOIs), and certain other entities that are not required to file returns under ITR-7. For Assessment Year (AY) 2026-27, the Central Board of Direct Taxes (CBDT) has notified the revised ITR-5 form filing with updated disclosure requirements… Continue reading What’s New in ITR-5 for AY 2026-27: Simplified Capital Gains & More
