ITR 5 for AY 2025-26 revised: expanded disclosures, audit and financial schedules, foreign asset and virtual asset reporting. Notification substitutes Form ITR-5 by the Income tax (Fourteenth Amendment) Rules, 2025 effective 1 April 2025, prescribing a revised ITR 5 for AY 2025-26 that centralises extensive identification, filing status, tax regime options, audited accounts and full financial statements, presumptive taxation schedules, detailed capital gains and virtual asset reporting, foreign asset disclosure, GST turnover, tax payment and TDS/TCS schedules, and mechanisms for tax computation including AMT and DTAA relief; taxpayers within ITR 5 scope must furnish the expanded disclosures and applicable schedules.
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ITR 5 for AY 2025-26 revised: expanded disclosures, audit and financial schedules, foreign asset and virtual asset reporting.
Notification substitutes Form ITR-5 by the Income tax (Fourteenth Amendment) Rules, 2025 effective 1 April 2025, prescribing a revised ITR 5 for AY 2025-26 that centralises extensive identification, filing status, tax regime options, audited accounts and full financial statements, presumptive taxation schedules, detailed capital gains and virtual asset reporting, foreign asset disclosure, GST turnover, tax payment and TDS/TCS schedules, and mechanisms for tax computation including AMT and DTAA relief; taxpayers within ITR 5 scope must furnish the expanded disclosures and applicable schedules.
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