ITR-5 Form - How to File for AY 25-26

Step by Step Guide: How to File ITR-5 Form?

2025-06-03

1093 Views

4 minutes read

Begin securing your future

Please enter correct name Please enter the Full name
Please enter valid mobile number Please enter Mobile Number
Please enter valid email Please enter Email
Consent is required

Enter OTP

An OTP has been sent to your mobile number

Didn’t receive OTP?

Application Status

Name

Date of Birth

Plan Name

Status

Name of the policy holder

Policy Holder Name

Policy No.

Policy Number

Address of the Policyholder as per records

Address

Unclaimed Amount

Unclaimed Amount
Error

Sorry! No records Found

.  Please use this ID for all future communications regarding this concern.

Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.

Exit Pop Up

Live Life More Confidently

Get best insurance from our experts

Name is required Name should be Valid
Mobile Number is required Mobile Number should be Valid
DOB is required DOB should be Valid
Annual Income is required
Please tick to proceed further.

Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.

ITR 5 is one of the income tax return forms that are to be filed by a specific section of taxpayers. As mandated by the Income Tax Act, ITR 5 can be used by firms, LLPs, artificial juridical person, AOP, BOI, business trust and investment fund, estate of deceased, estate of insolvent, cooperative society and local authority. However, a person eligible to file the return of income under sections 139(4A), 139(4B), 139(4C) or 139(4D) shall not use this form.

Structure of ITR-5 Form (For AY 2025-26):

ITR 5 form has been divided into two parts and several schedules and must be filled in the following order

  1. 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&L: Profit and Loss Account for the financial year 2024-25
    • Part A-OI: Other information
    • Part A-QD: Quantitative details
  2. Then there are 31 schedules around Computation of income, Computation of depreciation, Statement of depreciation, income and losses, Deductions etc.

  3. Part B:
    • Part B – TI: Computation of total income
    • Part B – TTI: Computation of tax liability on total income
       
  4. Tax payments:
    • Details of payment of advance tax and tax on self-assessment tax
    • Details of tax deducted at source on income other than salary (16A, 16B, 16C)
    • Details of collected at the source

Eligibility to File return using ITR-5:

This Form can be used by a person who is:

  • A firm or Limited Liability Partnership (LLP)
  • Association of Persons (AOP)
  • Body of Individuals (BOI)
  • Artificial Juridical Person (AJP) referred to in clause (vii) of section 2(31)
  • Local authority referred to in clause (vi) of section 2(31)
  • Representative assessee referred to in section 160(1)(iii) or (iv)
  • Cooperative society
  • Society registered under Societies Registration Act, 1860 or under any other law of any State
  • Trust other than trusts eligible to file Form ITR-7
  • Estate of deceased person or estate of an insolvent
  • Business trust referred to in section 139(4E)
  • Investments fund referred to in section 139(4F)

Changes in the ITR-5 Form (AY 2025-26)

There are a few changes in the ITR-5 form for the current assessment year.

  1. A separate section 112A will be used to calculate long-term capital gains on the sale of equities of a business, which is subjected to Securities Transaction Tax (STT).
  2. You have to provide the following details on investments in
    • Share’s name
    • Type of company
    • PAN
    • Movement in the investment throughout the financial year
  3. Provide the following information:
    • Tax on secondary adjustments to transfer price under Section 92CE(2A).
    • Tax deduction claims against investments or any other spending made between 1 April 2025 and 30 June 2025 under Chapter VIA of the Income Tax Act, 1961.
       
  4. In AY 2024‐25 , the threshold limit for a person carrying on business was increased from one crore rupees to five crore rupees in cases where the cash receipts or payments by a business don’t exceed 5% of such receipts or such payments, however in AY 2024‐25 , the limit of. ₹5 Crore is increased to. ₹ 10 Crore.

How to File ITR 5 Form?

For 5 for filing income tax return has to be filed online on the e-filing web portal of Income-tax Department. However, the form can be verified in the following ways:

  • Digitally signing the verification part (In a case where accounts are required to be audited u/s 44AB, it is mandatory to verify the return electronically under digital signature.)
  • Authenticating by way of electronic verification code (EVC)
  • Sending duly signed paper Form ITR-V (Acknowledgment) by post to CPC, Bangaluru.

ITR 5 must include all types of income other than that of income mentioned in Section 11 of the Indian Income Tax Act, which lays down provisions for income related to religious or charitable property.

Steps to e-filing ITR 5:

  1. Visit the e-filing portal of the Income Tax department at www.incometax.gov.in
  2. Transfer the required data in the form and digitally sign the document in case you wish to choose the e-verification method.
  3. In case the verification is not done electronically, the assessee should print two copies of form ITR-V and send a duly signed copy to the CPC address in Bangalore.

You are not required to attach any documents while filing ITR-5.

Invest in Tax saving plans by Canara HSBC Life Insurance and save on your taxes. Explore our plans today!

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

Tax Savings - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

Family Shield: Enhanced Protection

iSelect Smart360 Term Plan
  • 3 Plan options
  • Life cover till 99 years
  • Steady income benefit
  • Block your premium at inception

Fixed Returns, Zero Risks & Worries

iSelect Guaranteed Future Plus
  • 4 Plan options
  • Life cover + Guaranteed benefits
  • Accidental death benefit
  • Premium protection cover

Start Young, Pay Less, Stay Secured

Young Term Plan
  • Life cover till 99 years
  • Coverage for spouse
  • Block your premium rate
  • Covers 40 critical illness

Recent Blogs

Will Budget 2026 Allow Joint Taxation for Married Couples?
29 Jan '26
8 Views
8 minute read
Find out what Budget 2026 may introduce on joint taxation for married couples, expected benefits, policy outlook, and how it may impact taxpayers in India.
Read More
Tax Saving
What is Income Tax Return (ITR)? Meaning & Filing Process of Filing ITR
21 Jan '26
4902 Views
10 minute read
Learn what an Income Tax Return (ITR) is, why filing your income tax return is important, and how to file your ITR online via the Income Tax Department. Documents, forms, steps, and FY 2026-27 details included.
Read More
Tax Saving
What Is Advance Tax? How to Calculate Advance Tax and Pay It Online
20 Jan '26
2519 Views
9 minute read
Understand advance tax under income tax, who should pay it, how advance tax is calculated, due dates, and online payment steps to avoid penalties.
Read More
Tax Saving
Importance of Taxes in India: Why Taxes Matter?
15 Jan '26
1614 Views
7 minute read
Understand the importance of taxes in India, how they support public services, economic growth, welfare schemes, and national development.
Read More
Tax Saving
What Is SGST? Meaning, Rates & Applicability Explained
15 Jan '26
627 Views
5 minute read
Learn what SGST means, its full form, tax rates, applicability, and how it works under the GST system for intra-state transactions.
Read More
Tax Saving
What is the GST Council? Role, Members & How It Works
14 Jan '26
542 Views
5 minute read
Understand what the GST Council is, its structure, powers, and how it decides GST rates, laws, and policies across India.
Read More
Tax Saving
Why is Your ITR Refund Delayed and What Can You Do?
13 Jan '26
538 Views
5 minute read
ITR refund delayed? Know the common reasons, timelines, and step-by-step actions to track, raise grievances, and speed up your income tax refund.
Read More
Tax Saving
80CCC: What is Deduction Under Section 80CCC?
11 Jan '26
1185 Views
6 minute read
What is Section 80CCC? How can you claim deductions under section 80CCC? Learn the eligibility criteria to claim a deduction under section 80CCC with a life insurance policy.
Read More
Tax Planning
How to Save Tax on Salary Above ₹15 Lakhs? | Tax Saving Guide 2026
10 Jan '26
4817 Views
14 minute read
Learn how to save tax on salary above ₹15 lakhs using effective tax saving options, deductions, exemptions, and smart income tax planning strategies
Read More
Tax Saving