Archive · 9 Aug 2025
ITR-5 Excel Utility Now Live for AY 2024-25
The Income Tax Department has released the ITR-5 Excel Utility, a tool for filing income tax returns for businesses like partnerships and LLPs.
This new version covers the assessment year 2024-25.
It includes new sections for MSME registration and startup deductions, and addresses income from digital assets.
Businesses not requiring an audit must file by September 15th, 2024.
Taxpayers can verify returns electronically or by sending a signed form to Bengaluru within 30 days.
The ITR-5 structure includes financial disclosures, depreciation, deductions, and tax relief information.
ITR-5 Excel Utility for AY 2024-25 released by Income Tax Department.
The utility is for partnership firms, LLPs, and cooperative societies.
New sections added for MSME registration and startup deductions.
Reporting for virtual digital assets (crypto/NFTs) expanded.
Deadline for non-audit cases is September 15, 2024.
- Who
- Partnership firms, LLPs, cooperative societies and other eligible entities.
- What
- ITR-5 Excel Utility release for AY 2024-25
- When
- Released August 9, 2024
- Where
- Income Tax e-filing portal
- Why
- For filing annual returns.
- Form Name
- ITR-5 Excel Utility
- Assessment Year
- 2024-25
- Eligible Filers
- Partnership firms, LLPs, and cooperative societies
- New Sections
- MSME registration and startup deductions
- Non-Audit Deadline
- September 15, 2024
Sources
Income Tax Filing: ITR-5 excel form now live – Who should opt for it? Details here
Income Tax: ITR-5 Excel Utility Now Available For Filing — Who Needs To File
ITR-5 excel utility now live on income tax portal
ITR-5 Excel Utility Made Available on Income Tax e-Filing Website: Details