ITR-5 and ITR-7: Online Filing for AY 2025-26
The Income Tax Department has enabled online filing of ITR-5 and ITR-7 forms for the Assessment Year (AY) 2025-26. These forms are now available on the e-filing portal, allowing eligible taxpayers to prepare and submit their returns digitally.
Who Should File ITR-5?
The ITR-5 form is specifically designed for non-individual entities, including:
- Firms
- Limited Liability Partnerships (LLPs)
- Associations of Persons (AOPs)
- Bodies of Individuals (BOIs)
- Cooperative Societies
- Local Authorities
This form cannot be used by individuals, Hindu Undivided Families (HUFs), or companies.
Who Should File ITR-7?
The ITR-7 form is for individuals and companies required to furnish returns under specific sections of the Income Tax Act. This typically applies to entities claiming an exemption from income tax, such as:
- Trusts
- Political parties
- Research institutions
- Universities and colleges
Key Deadlines and Advice
The due dates for filing depend on whether an audit is required:
- Without Audit: The deadline for filing ITR-5 and ITR-7 for those who do not require an audit was September 16, 2025.
- With Audit: The deadline for taxpayers whose accounts are subject to an audit is October 31, 2025.
To avoid last-minute issues, the Central Board of Direct Taxes (CBDT) encourages taxpayers to file early. The e-filing portal provides pre-filled data and other utilities to help ensure error-free submissions. Be sure to check your eligibility, gather all financial documents, and make proper disclosures before submitting your return.
