03/05/2025
The Central Board of Direct Taxes (CBDT) has officially notified the income tax return form for ITR-5 for the assessment year 2025-26, introducing several key changes aligned with recent legislative amendments. The notification, issued on May 1, 2025, incorporates updates arising from the Finance Act, 2024.
It comes after the income tax department on April 29 notified ITR-1 and ITR-4 forms for AY 2025-26, and ITR-3 on April 30. The department has made it easier for individuals with long-term capital gains (LTCG) of up to Rs 1.25 lakh from listed equities to file returns.
