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Income Tax Department Releases Excel Utility For ITR
ITR Filing 2026: Income Tax Department Releases Excel Utility For ITR-5; Check Who Can Use It
The ITR-5 form is meant for taxpayers such as companies, societies, trusts, limited liability partnerships (LLPs) and associations of persons (AOPs).
ITR Filing 2026: The income tax department on Wednesday said it has released the Excel Utility for ITR-5 for the assessment year (AY) 2026-27, enabling eligible taxpayers to file their income tax returns through the e-filing portal. The ITR-5 form is meant for taxpayers such as companies, societies, trusts, limited liability partnerships (LLPs) and associations of persons (AOPs).
In a post on X, the department on July 7 said, “Kind Attention Taxpayers! The Excel Utility for ITR-5 for Assessment Year 2026-27 is now available on the Income Tax e-Filing portal.”
The utility can be downloaded from the Downloads section of the Income Tax e-Filing portal.
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ITR-5 is meant for entities such as:
However, individuals, Hindu Undivided Families (HUFs), companies filing ITR-6, and entities claiming exemption under provisions requiring ITR-7 cannot use this form.
With the release of the Excel Utility, eligible taxpayers can now download the form, fill in their details offline, validate the return, generate the JSON file, and upload it on the Income Tax e-Filing portal to complete the filing process.
Even as the income tax department has enabled ITR-1, ITR-2, ITR-3, ITR-4 and ITR-5 forms for the assessment year 2026-27 (financial year 2025-26), the due dates for the income tax return filing this year are July 31 for individual taxpayers, August 31 for non-audit business cases, and October 31 for business cases that require audit.
The deadline for businesses that require transfer pricing reports (international transactions or specified domestic transactions) is November 30, 2026.
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The ITR for income earned during FY 2025-26 will be filed for the assessment year 2026 -27 under the provisions of the Income Tax Act, 1961. Even though the filing will typically occur after April 1, 2026 (i.e., after the new Income Tax Act, 2025, has come into force), the return relates to a tax year beginning before April 1, 2026, and is therefore governed entirely by the old Act, the income tax department has said.
Source : News18
Source: OfficeNewz
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