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.
What are ITR-5 and ITR-7 filings?
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