CBDT notifies format of ITR-5 for Assessment Year 2025-26

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 >>

• When disallowance is made u/s 37(1) section 69C is not applicable – ITAT
• ITAT refuses to accept cash book as source of deposit as assessee was not subject to audit
• Mere preparation of income tax notice and send to dispatch not effective issuance
• Agreement validly terminated prior to CIRP not give any enforceable right to corporate debtor
• SC explains jurisdiction of courts under NI Act for dishonour of account payee or bearer cheques