CBDT notifies format of ITR-5 for Assessment Year 2025-26
CBDT has issued Notification No. 42/2025 dated 02.05.2025 notifying the PDF format of ITR-5 for the AY 2025-26.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 42/2025
New Delhi, the 1st May, 2025
G.S.R 286(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (Fourteenth Amendment) Rules, 2025.
(2) They shall come into force with effect from the 1st day of April, 2025. 2. In the Income-tax Rules, 1962, in Appendix-II, for FORM ITR-5, the following FORM shall be substituted, namely: —
ITR-5
Indian Income Tax Return
[For persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7] (Please see rule 12 of the Income-tax Rules,1962)
[F. No. 370142/17/2025-TPL]
SURBENDU THAKUR, Under Secy., Tax Policy and Legislation
Note.- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section(ii) vide number S.O. 969 (E), dated the 26th March, 1962 and was last amended vide notification GSR 279(E), dated the 30th April, 2025.
Explanatory Memorandum- It is hereby certified that no person shall be adversely affected by giving retrospective effect to these rules
Download Format of ITR-5 for AY 2025-26 >>
- ITR was not non est for no e-verification when AO took cognizance of returned income
- Section 43CB & ICDS-III is applicable to contractors not to real estate developers
- Expenses of ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act.
- Compliance history of supplier can’t be used to invalidate genuine business transactions of buyer
- Reassessment quashed as AO issued notice u/s 148 instead of 153C as reopening was based on search
