The profits Tax department has made the Excel utility for profits Tax return (ITR)-5 to be had on its e-submitting portal, permitting eligible taxpayers to start filing for the evaluation year 2025-26. The launch comes slightly later than normal, reportedly due to most important adjustments in this yr's ITR forms.
On august 9, 2025, it wrote on X, "type attention Taxpayers! Excel software of ITR-five is stay now and is available for filing."
WHO have to record ITR-five?
below the income Tax Act, 1961, ITR-5 is meant for corporations, restricted liability Partnerships (LLPs), co-operative societies, and positive other our bodies. It is not for people or businesses, as they have separate bureaucracy.
WHAT THE shape COVERS
The ITR-five form is certain, requiring a variety of monetary data.
element A includes standard info like, the balance sheet, manufacturing or buying and selling accounts, the earnings and loss account, and other related statistics.
component B focusses on calculating earnings and tax liability. similarly, there also are a couple of schedules for reporting distinct types of income, loss set-off, depreciation, deductions, exempt income, foreign belongings, GST reconciliation, and tax relief claims.
This yr, a brand new exchange lets in reporting of buyback losses simplest if the associated dividend has already been taxed.
submitting cut-off dates
For non-audit instances, the closing date for filing ITR-5 is september 15, 2025.
If submitting bodily, taxpayers ought to verify the go back with the aid of sending the signed ITR-V form to the Centralised Processing Centre (CPC) in Bengaluru inside 30 days, unless they pick out to e-verify as a substitute.
WHY accurate filing subjects
filing an income tax return is not only a yearly formality, it guarantees you stay compliant with tax laws, claim refunds you're eligible for, and avoid consequences for overdue or wrong submitting.
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