ITR Filing 2025: ITR-5 Excel form goes live, makes filing returns easier for societies and firms..
ITR Filing 2025: If you have not yet filed Income Tax Return (ITR), then file it before September 15, 2025. More than 2.51 crore ITRs have been filed so far in the assessment year 2025-26 for the financial year 2024-25. If you do any business, are in a firm, or are associated with any trust/society, then there is relief news for you. The Income Tax Department has released the Excel form of ITR-5 online.
The Income Tax Department said on the social media platform X, "Taxpayers, please note! The Excel utility of ITR-5 is now live and available for filing."
The ITR-5 form is necessary for these taxpayers
The ITR-5 form can be used by partnership firms, limited liability partnerships (LLP), co-operative societies, trusts, associations of persons, and some other entities. In this form, details like balance sheet, profit and loss details, GST related information, different income sources, deductions, and foreign assets have to be filled. In the new update, provisions for MSME registration, startup deduction (section 80-IAC), and reporting of digital assets like crypto-NFT have been added.
Last date for filing returns is September 15
The last date for filing returns in non-audit cases is September 15, 2025. It will be necessary to send e-verification or a signed form to CPC, Bengaluru, within 30 days after filing. Along with ITR-5, the department has already released the utility of ITR-1, ITR-2, ITR-3, and ITR-4.
Check refund status from Income Tax Portal like this-
Open the website: https://eportal.incometax.gov.in
Login by entering your user ID and password.
Go to the ‘e-File’ tab, then select ‘Income Tax Returns’ and then ‘View Filed Returns’.
All your filed returns will be displayed.
Check the refund status by clicking on View Details.
Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
