News

The ITR-5 and ITR-7 forms are now available online. The Income Tax Department (I-T) has enabled online filing for the Financial Year 2025 (Assessment Year 2025-26). As the I-T Department has closed the filing for individual taxpayers (ITR-1 and ITR-2) on September 16, these forms are for specific categories of taxpayers. 

In this article, we will know what ITR-5 and ITR-7 filings are and who can file, and by when.

The I-T Department issues different forms for different types of taxpayers. This is based on their income sources, level of income, residential status, and legal status of the taxpayer, among others.

Add Zee Business as a Preferred Source

ITR-5 form applies to Partnership firms, Limited Liability Partnership (LLP), Association of Persons (AOP), Body of Individuals (BOI), and other similar entities. 

ITR-7 form applies to persons (including companies) who are required to file returns under sections 139(4A), 139(4B), 139(4C), or 139(4D) of the Income Tax Act, primarily related to charitable, religious, and specified institutions.

ITR-5 and ITR-7 filings deadline

The deadline for those who must have their accounts audited for the assessment year 2025–2026—including those who file ITR-5 or ITR-7—is October 31, 2025.

Who can file ITR-5?

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. 

Who can file ITR-7?

ITR-7 Form can be used by persons, including companies, who are required to furnish a return under section 139(4A) or section 139(4B) or section 139(4C), or section 139(4D).

Who cannot file ITR-5?

Who cannot file ITR 7?

It is not applicable to taxpayers who are not requesting exemptions under Section 139(4A), Section 139(4B), Section 139(4C), or Section 139(4D).

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

A Deputy Chief Sub Editor with Zee Business, Bhawna has an experience of more than 12 years in writing and reporting in the financial industry. She has previously worked with ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.