{"id":3860,"date":"2025-08-09T14:17:20","date_gmt":"2025-08-09T14:17:20","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/09\/income-tax-itr-5-excel-utility-now-available-for-filing-who-needs-to-file-tax-news\/"},"modified":"2025-08-09T14:17:20","modified_gmt":"2025-08-09T14:17:20","slug":"income-tax-itr-5-excel-utility-now-available-for-filing-who-needs-to-file-tax-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/09\/income-tax-itr-5-excel-utility-now-available-for-filing-who-needs-to-file-tax-news\/","title":{"rendered":"Income Tax: ITR-5 Excel Utility Now Available For Filing \u2014 Who Needs To File | Tax News"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div id=\"story-9494736\">\n<p><span class=\"jsx-730caffcddfd709\">Last Updated:<\/span><time class=\"jsx-730caffcddfd709\">August 09, 2025, 12:06 IST<\/time><\/p>\n<h2 id=\"asubttl-9494736\" class=\"jsx-4625396a04d15488 jsx-2209828178 asubttl-schema\">The Income Tax Department has released the ITR-5 Excel Utility for Assessment Year (AY) 2024\u201325<\/h2>\n<div class=\"jsx-45a692afa6f47900 artsharwrp\">\n<div id=\"artshare\" class=\"jsx-45a692afa6f47900 artshare\">\n<div class=\"jsx-45a692afa6f47900 stickdiv\">\n<div class=\"jsx-45a692afa6f47900 deskwrapstkdiv\">\n<div class=\"jsx-45a692afa6f47900 fontchange\"><img decoding=\"async\" src=\"https:\/\/images.news18.com\/dlxczavtqcctuei\/news18\/static\/images\/english\/font.svg\" height=\"30px\" width=\"30px\" alt=\"font\" class=\"jsx-45a692afa6f47900 lazyload\"\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"jsx-4625396a04d15488 jsx-2209828178 amimg\"><img decoding=\"async\" alt=\"The Income Tax Department has released the ITR-5 Excel Utility for Assessment Year (AY) 2024\u201325\" title=\"The Income Tax Department has released the ITR-5 Excel Utility for Assessment Year (AY) 2024\u201325\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2021\/07\/1627283897_news18_logo-1200x800.jpg?impolicy=website&amp;width=400&amp;height=225\" loading=\"eager\" fetchpriority=\"high\" class=\"jsx-4625396a04d15488 jsx-2209828178\"\/><\/p>\n<p>The Income Tax Department has released the ITR-5 Excel Utility for Assessment Year (AY) 2024\u201325<\/p>\n<\/figure>\n<p data-start=\"126\" data-end=\"328\"><strong>Income Tax Filing 2025:<\/strong> The Income Tax Department has released the ITR-5 Excel Utility for Assessment Year (AY) 2024\u201325, enabling eligible entities to file their annual income tax returns with updated reporting features.<\/p>\n<h3 data-start=\"330\" data-end=\"357\"><strong data-start=\"333\" data-end=\"355\">Who Can File ITR-5<\/strong><\/h3>\n<p data-start=\"358\" data-end=\"521\">ITR-5 is designated for entities other than individuals, Hindu Undivided Families (HUFs), companies, and those required to file ITR-7.<br data-start=\"492\" data-end=\"495\"\/>Eligible filers include:<\/p>\n<ul class=\"listOncontentArticleUL\" data-start=\"522\" data-end=\"845\">\n<li data-start=\"522\" data-end=\"543\">\n<p data-start=\"524\" data-end=\"543\">Partnership firms<\/p>\n<\/li>\n<li data-start=\"544\" data-end=\"585\">\n<p data-start=\"546\" data-end=\"585\">Limited Liability Partnerships (LLPs)<\/p>\n<\/li>\n<li data-start=\"586\" data-end=\"620\">\n<p data-start=\"588\" data-end=\"620\">Associations of Persons (AOPs)<\/p>\n<\/li>\n<li data-start=\"621\" data-end=\"653\">\n<p data-start=\"623\" data-end=\"653\">Bodies of Individuals (BOIs)<\/p>\n<\/li>\n<li data-start=\"654\" data-end=\"686\">\n<p data-start=\"656\" data-end=\"686\">Artificial juridical persons<\/p>\n<\/li>\n<li data-start=\"687\" data-end=\"712\">\n<p data-start=\"689\" data-end=\"712\">Cooperative societies<\/p>\n<\/li>\n<li data-start=\"713\" data-end=\"774\">\n<p data-start=\"715\" data-end=\"774\">Societies registered under the Societies Registration Act<\/p>\n<\/li>\n<li data-start=\"775\" data-end=\"796\">\n<p data-start=\"777\" data-end=\"796\">Local authorities<\/p>\n<\/li>\n<li data-start=\"797\" data-end=\"845\">\n<p data-start=\"799\" data-end=\"845\">Certain business trusts and investment funds<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"847\" data-end=\"959\">Individual taxpayers, HUFs, companies, and entities under ITR-7 provisions are not permitted to use this form.<\/p>\n<h3><strong>The ITR-5 structure covers detailed financial disclosures:<\/strong><\/h3>\n<ul class=\"listOncontentArticleUL\">\n<li>Part A for general information, balance sheet, manufacturing\/trading accounts, profit &amp; loss, and other information.<\/li>\n<li>Part B for computation of income and tax liability. Schedules for income from various sources, loss set-off, depreciation, deductions, exempt income, foreign assets, GST reconciliation, and tax relief.<\/li>\n<li>Schedules: Income from various sources, loss set-off, depreciation, deductions, exempt income, foreign assets, GST reconciliation, and tax relief.<\/li>\n<\/ul>\n<p id=\"7\" class=\"story_para_7\">Key updates for AY 2024\u201325 include new sections for MSME registration and Section 80-IAC startup deductions, along with expanded reporting for emerging income categories like virtual digital assets (crypto\/NFTs).<\/p>\n<p id=\"8\" class=\"story_para_8\">Filing can be done online through the Income Tax Department\u2019s e-filing portal using a digital signature or verification code. Offline submission is also available. No supporting documents are required, but tax credits must match Form 26AS.<\/p>\n<h3><strong>Deadlines:<\/strong><\/h3>\n<p id=\"10\" class=\"story_para_10\">Non-audited entities: 31 July 2025<\/p>\n<p id=\"11\" class=\"story_para_11\">Audited accounts: 31 October 2025<\/p>\n<p id=\"12\" class=\"story_para_12\">Transfer pricing audit: 30 November 2025 Before filing, taxpayers must ensure portal registration, bank account validation for refunds, updated digital signatures, and submission of applicable statutory forms.<\/p>\n<div class=\"jsx-95088aad1b3c53cd atawrap\">\n<div class=\"jsx-95088aad1b3c53cd atadetailwrp\">\n<div class=\"jsx-95088aad1b3c53cd ataname\"><span class=\"jsx-95088aad1b3c53cd atthumb\"><\/p>\n<figure class=\"jsx-95088aad1b3c53cd\"><img decoding=\"async\" alt=\"authorimg\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2023\/11\/aparna-2023-11-979f2907c6165cf4d4e3836c347fb133.jpeg?impolicy=website&amp;width=60&amp;height=60\" class=\"jsx-95088aad1b3c53cd\"\/><\/figure>\n<p><\/span><\/p>\n<div class=\"jsx-95088aad1b3c53cd attitle\"><a href=\"https:\/\/www.news18.com\/byline\/aparna-deb-20948.html\" class=\"jsx-95088aad1b3c53cd atamail\">Aparna Deb<\/a><\/p>\n<p>Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a&#8230;<span class=\"jsx-95088aad1b3c53cd aurpdebtn\">Read More<\/span><\/p>\n<\/div>\n<\/div>\n<p>Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a&#8230;<!-- --> <span class=\"jsx-95088aad1b3c53cd aurpdebtn\">Read More<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"jsx-4625396a04d15488 jsx-2209828178 artcta\">Stay updated with all the latest business news, including\u00a0<a href=\"https:\/\/www.news18.com\/business\/markets\/\">market trends<\/a>,\u00a0<a href=\"https:\/\/www.news18.com\/topics\/stocks-to-watch\/\">stock updates<\/a>,\u00a0<a href=\"https:\/\/www.news18.com\/business\/tax\/\">tax<\/a>, IPO,\u00a0<a href=\"https:\/\/www.news18.com\/business\/banking-finance\/\">banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates\u2014only on News18. Also\u00a0<span data-olk-copy-source=\"MessageBody\">Download the\u00a0<a href=\"https:\/\/onelink.to\/eng-article-eop\">News18 App<\/a>\u00a0to stay updated!<\/span><\/div>\n<p><span class=\"jsx-4625396a04d15488 jsx-2209828178 coral-count-custom\">view comments<\/span><\/p>\n<div class=\"jsx-4625396a04d15488 jsx-2209828178 brdcrmb\"><a href=\"https:\/\/www.news18.com\/\">News<\/a>  <a href=\"https:\/\/www.news18.com\/business\/\">business<\/a> \u00bb  <a href=\"https:\/\/www.news18.com\/business\/tax\/\">tax<\/a>  <span class=\"brdout\"> Income Tax: ITR-5 Excel Utility Now Available For Filing \u2014 Who Needs To File<\/span><\/div>\n<div id=\"coral-wrap\" class=\"jsx-9278cad478d6a6dc \">\n<div class=\"jsx-9278cad478d6a6dc coral-cont\">\n<div class=\"jsx-9278cad478d6a6dc coltoptxt\">Disclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our <a href=\"https:\/\/www.news18.com\/disclaimer\/\" class=\"jsx-9278cad478d6a6dc\">Terms of Use<\/a> and <a href=\"https:\/\/www.news18.com\/privacy_policy\/\" class=\"jsx-9278cad478d6a6dc\">Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\n<p><span class=\"jsx-4625396a04d15488 jsx-2209828178 rmbtn news18_read_more\">Read More<\/span><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.news18.com\/business\/tax\/income-tax-itr-5-excel-utility-now-available-for-filing-who-needs-to-file-9494736.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last Updated:August 09, 2025, 12:06 IST The Income Tax Department has released the ITR-5 Excel Utility for Assessment Year (AY) 2024\u201325 The Income Tax Department has released the ITR-5 Excel Utility for Assessment Year (AY) 2024\u201325 Income Tax Filing 2025: The Income Tax Department has released the ITR-5 Excel Utility for Assessment Year (AY) 2024\u201325,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-3860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/3860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=3860"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/3860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/1089"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=3860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=3860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=3860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}