ITR 5 Form - What is ITR-5 Form, Structure and How to File ITR-5

The Income Tax Department has introduced various forms for different taxpayers. An assessee should choose the appropriate form based on the source of income. One such Income Tax Return (ITR) is ITR 5 Form a specific class of taxpayers, such as a Firm, LLP, AOP, etc. In this article, we will discuss in detail about ITR-5.

What is ITR-5 Form Used for?

The ITR-5 form is used for filing ITR by firms,  LLPs (Limited liability partnership), AOPs (Association of persons) and BOIs (Body of Individuals), AJP (Artificial Juridical Person), Estate of deceased, Estate of insolvent, Business trust and investment fund. Click here to view the latest ITR-5 form from the Income Tax Department.

Who is Eligible to File the ITR-5 Form?

This form can be used by the following persons 

1. Firm
2. Limited Liability Partnership (LLP)
3. Association of Persons (AOP)
4. Body of Individuals (BOI)
5. Artificial Juridical Person (AJP) referred to in clause (vii) of Section 2(31)
6. Local Authority referred to in clause (vi) of Section 2(31)
7. Representative Assessee referred to in Section 160(1)(iii) or (iv)
8. Cooperative Society 
9. Society registered under Societies Registration Act, 1860 or under any other law of any State
10. Trust other than Trusts eligible to file Form ITR-7
11. Estate of Deceased Person
12. Estate of an Insolvent
13. Business Trust referred to in Section 139(4E) 
14. Investments Fund referred to in Section 139(4F)

However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4D) shall not use this form. Not sure which ITR form you need to use? Read our guide for help.

E-filing Audit Reports

In case an assessee who is required to furnish a report of audit under sections 10(23C)(iv), 10(23C)(v), 10(23C)(vi), 10(23C)(via), 10A, 10AA, 12A(1)(b), 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB or 115VW he shall file the report electronically on or before the date of filing the return of income.

Key Changes in the ITR-5 Form in AY 2025-26

• The new field is introduced to Disclosure of Legal Entity Identifier (LEI) for entities undertaking Financial Transactions od Rs 50 Crore of more during the Year.
• Taxpayers must now provide detailed disclosures related to payments to Micro and Small Enterprises, especially with respect to compliance with Section 43B(h) of the Income-tax Act.
• Additional fields introduced to segregate contributions made towards research institutions, universities, and rural development programmes in Schedule 80GGA.
• More details are now required for capital gains reporting under Schedule CG, especially in cases of non-resident taxation and specified securities.
• Detailed reporting sought in case of changes in accounting policies, methods of valuation, and turnover reconciliation under GST and Income Tax in Schedule Part A - OI and Audit.
• Enhanced disclosures under Schedule TR and FA for claiming foreign tax credit in line with Rule 128.
• Start-ups eligible under Section 80-IAC must provide specific declaration details and registration IDs to claim the deduction.
• Inclusion of ‘Return Filed under Section’ Dropdown which Clarifies under which section the return is filed — e.g., 139(1), 139(4), etc., with auto-adjustment logic based on dates.
• Revised business codes updated  in line with NIC 2008 classification, ensuring alignment with other statutory reporting like MCA and GST.
• The offline/JSON utility has enhanced in-built validation checks to reduce errors at the time of submission.

What is the Structure of the ITR-5 Form?

The Form has been divided into two parts and several schedules:

• Part A: General information
• Part A-BS: Balance Sheet as on 31st March 2025
• Part A-Manufacturing Account for the financial year 2024-25
• Part A-Trading Account for the financial year 2024-25
• Part A-P and L: Profit and Loss Account for the financial year 2024-25
• Part A-OI: Other information
• Part A-QD: Quantitative details
• Part B

There are 40 schedules details of which are as under:

• Schedule-HP: Computation of income under the head Income from House Property
• Schedule-BP: Computation of income under the head “profit and gains from business or profession”
• Schedule-DPM: Computation of depreciation on plant and machinery under the Income Tax Act
• Schedule DOA: Computation of depreciation on other assets under the Income Tax Act
• Schedule DEP: Summary of depreciation on all the assets under the Income-tax Act
• Schedule DCG: Computation of deemed capital gains on sale of depreciable assets
• Schedule ESR: Deduction under section 35 (expenditure on scientific research)
• Schedule-CG: Computation of income under the head Capital gains.
• Schedule 112A: Sale of equity shares in a company or unit of equity-oriented fund on which STT is paid under Section 112A
• Schedule 115AD(1)(b)(iii)proviso: For NON-RESIDENTS - From sale of equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A
• Schedule VDA - Income from transfer of Virtual Digital Assets
• Schedule-OS: Computation of income under the head Income from other sources.
• Schedule-CYLA: Statement of income after set off of current year’s losses
• Schedule-BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years.
• Schedule- CFL: Statement of losses to be carried forward to future years.
• Schedule - UD: Unabsorbed Depreciation
• Schedule ICDS: Effect of income computation disclosure standards on profit
• Schedule- 10AA: Computation of deduction under section 10AA
• Schedule- 80G: Details of donation entitled for deduction under section 80G
• Schedule- 80GGA: Details of donation for scientific research or rural development
• Schedule 80GGC: Details of contributions made to political parties
• Schedule 80IAC: Deduction in respect of eligible start-up
• Schedule 80LA: Deduction in respect of offshore banking unit or IFSC
• Schedule- RA: Details of donations to research associations etc.
• Schedule- 80IA: Computation of deduction under section 80IA
• Schedule- 80IB: Computation of deduction under section 80IB
• Schedule- 80IC/ 80-IE: Computation of deduction under section 80IC/ 80-IE.
• Schedule 80P: Deductions under section 80P
• Schedule-VIA: Statement of deductions (from total income) under Chapter VIA.
• Schedule –AMT: Computation of Alternate Minimum Tax payable under section 115JC
• Schedule AMTC: Computation of tax credit under section 115JD
• Schedule-SI: Statement of income which is chargeable to tax at special rates
• Schedule IF: Information regarding partnership firms in which you are partner
• Schedule-EI: Statement of Income not included in total income (exempt incomes)
• Schedule PTI: Pass Through Income details from business trust or investment fund as per section 115UA, 115UB
• Schedule TPSA: Secondary adjustment to transfer price as per section 92CE(2A)
• Schedule 115TD: Accreted Income under section 115TD
• Schedule FSI: Details of Income from outside India and tax relief
• Schedule TR: Details Summary of tax relief claimed for taxes paid outside India
• Schedule FA: Details of Foreign Assets and Income from any source outside India
• Schedule GST: Information regarding turnover/gross receipt reported for GST
• Part B – TI: Computation of total income
• Part B – TTI: Computation of tax liability on total income
• Tax payments:
  1. Details of payment of advance tax and tax on self-assessment tax 
  2. Details of tax deducted at source on income other than salary (16A, 16B, 16C) 
  3. Details of collected at source

Sequence for filling out parts and schedules The Income Tax Department recommends assesses to follow the sequence mentioned below while filling out the income tax return.

• Part A
• Schedules
• Part B
• Verification

How Do I File My ITR-5 Form?

This return form has to be filed online with the Income Tax Department on e-Filing portal in the following ways:

• by furnishing the return electronically under digital signature
• by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR-V

When the return is filed online, One copy of ITR-V, duly signed by the assessee, has to be sent by ordinary post to Post Bag No. 1, Electronic City Office, Bengaluru–560500 (Karnataka) or can be e-verified through Digital Signature Certificate.

A firm whose accounts are liable to audit under section 44AB must compulsorily furnish the return electronically under digital signature.

No annexure required

No document (including TDS certificate) should be attached with this return form while filing ITR-5. All such documents enclosed with this Return Form will be detached and returned to the person filing the return. Taxpayers are advised to match the taxes deducted/collected/paid by or on behalf of them with their Tax Credit Statement Form 26AS.

Due Date for Filing ITR-5 Form

• When accounts are to be audited under the Income-Tax Act - 31 October of the assessment year
• When report in Form No. 3CEB is to be furnished - 30 November of the assessment year
• In other cases (where accounts need not be audited) - 15 September 2025 (For FY 2024-25) of the assessment year

Who Cannot File the ITR-5 Form?

• Individual assesses
• Hindu Undivided Family (HUF)
• Company
• Taxpayers who must file tax returns in Form ITR-7, under Sections 139(4A), 139(4B), 139(4C), 139(4D), 139(4E) or 139(4F)

How to Fill out the Verification Document?

• Fill up the required information in the verification document.
• Strike out whatever is not applicable. Please ensure that the verification has been signed before furnishing the return.
• Choose the designation/capacity of the person signing the return.
• Please note that any person making a false statement in the return or the accompanying schedules shall be liable to be prosecuted under section 277 of the Income-tax Act, 1961 and on conviction be punishable under that section with rigorous imprisonment and with fine.

Also read about:
1. Which ITR Should I File
2. How to file ITR Online
3. How to file ITR-1 (SAHAJ) Online
3. What is ITR 2 Form & How to File ITR-2
4. What is ITR 3 Form & How to File ITR-3 
5. Who and How to File ITR 4 
6. ITR 6
7. How to File and Download ITR-7 Form
8. ITR 3 vs ITR 4
9. ITR 1 vs ITR 4
10. How to File ITR-2 for Income from Capital Gains FY 2022-23