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 and compliance reporting changes.
ITR-5 is applicable for:
ITR-5 cannot be used by:
The revised ITR-5 introduces additional reporting requirements relating to:
CBDT has expanded reporting schedules to improve transparency and reconciliation of tax information.
The updated form removes certain earlier bifurcation requirements for reporting capital gains before and after specific dates, simplifying disclosure for taxpayers.
New communication-related fields have been added, including:
These changes aim to improve communication with taxpayers.
The revised Schedule-IT now requires detailed reporting of:
This helps improve tax payment reconciliation.
The government has introduced staggered filing timelines for different taxpayer categories to reduce pressure on the e-filing portal and improve compliance efficiency.
| Particulars | Due Date |
|---|---|
| Non-Audit Cases | 31 August 2026 |
| Tax Audit Cases | 31 October 2026 |
| Transfer Pricing Cases | 31 November 2026 |
| Belated Return | 31 December 2026 |
| Revised Return | 31 March 2027 |
| Updated Return (ITR-U) | Up to 31 March 2031 |
Before filing ITR-5, taxpayers should keep the following documents ready:
ITR-5 contains multiple reporting schedules including:
Tax audit under Section 44AB may apply if:
Taxpayers should verify audit applicability before filing returns.
Although the new Income Tax Act, 2025 has become effective from April 2026, returns for AY 2026-27 relating to FY 2025-26 will continue to be governed by the Income Tax Act, 1961.
Official filing portal: Income Tax e-Filing Portal
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