Substitution of Form ITR-5 for Assessment Year 2026-27 · 48/2026 / F. No. 370142/8/2026-TPL

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION New Delhi, the 30th March, 2026

G.S.R. 229(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Income-tax Rules, 1962, namely:-

1. (1) These rules may be called the Income-tax (Fifth Amendment) Rules, 2026. (2) They shall come into force with effect from the 31st day of March, 2026 and shall apply in respect of returns filed for Assessment Year 2026-27.

2. In the Income-tax Rules, 1962, in Appendix-II, for Form ITR-5, the following Form shall be substituted, namely:—

FORM ITR-5 INDIAN INCOME TAX RETURN [For persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7] (Please see rule 12 of the Income-tax Rules,1962)

Assessment Year 2 0 2 6 - 2 7

Part A-GEN GENERAL PERSONAL INFORMATION

(A1) Name (A2) PAN (A3) Is there any change in the name? If yes, please furnish the old name (A4) Limited Liability Partnership Identification Number (LLPIN) issued by MCA, if applicable (A5) Date of formation (DDMMYYYY) (A6) Date of commencement of business (DD/MM/YYYY)

Addresses to be provided for communication purposes:

Primary Address: (A7a) Flat/Door/Block No (A8a) Name of Premises/Building/Village (A9a) Road/Street/Post Office (A10a) Area/Locality (A11a) Town/City/District (A12a) State (A13a) Pin code/Zip code (A14a) Country

Secondary Address: (A7b) Flat/Door/Block No (A8b) Name of Premises/Building/Village (A9b) Road/Street/Post Office (A10b) Area/Locality (A11b) Town/City/District (A12b) State (A13b) Pin code/Zip code (A14b) Country

Status (firm-1sub-status- Partnership Firm, LLP, local authority-2, AOP/BOI- 3 sub-status- other cooperative bank, other cooperative society, society registered under society registration Act, 1860 or any other Law corresponding to that state, Primary agricultural credit society/cooperative bank, Rural development bank, Business trust, investment fund, Trust other than trust eligible to file Return in ITR 7, any other AOP/BOI,, artificial juridical person-4, sub-status- Estate of the deceased, Estate of the insolvent, Other AJP), 

Details to be provided for communication purposes: (A15) Office Phone Number with STD code/ Primary Mobile No. of the taxpayer (A16) Secondary Mobile No. (A17) Primary Email ID of the taxpayer (A18) Secondary Email ID

FILING STATUS A19(ai) Due date for filing return of income [Dropdown to be provided]:

1. 31st July
2. 31st August
3. 31st October
4. 30th November

A19(aii) (1) Filed u/s (Tick) 139(1)-On or before due date, 139(4)-After due date, 139(5)-Revised Return, 92CD-Modified return, 119(2)(b)- After condonation of delay. (2) Or Filed in response to notice u/s  139(9),  142(1),  148,  153C (3) Whether you are a business trust?  Yes  No (4) Whether you are an investment fund referred to in section 115UB?  Yes  No

(b) If revised/Defective/ in response to notice for Modified, then enter Receipt No. and Date of filing original return (DD/MM/YYYY) / /

(c) If filed in response to a notice u/s 139(9)/142(1)/148/153C or order u/s 119(2)(b), enter Unique Number/ Document Identification Number (DIN) and date of such notice/order, or if filed u/s 92CD enter date of advance pricing agreement (unique number) / /

(d) NOTE:- If AOP(other than co-operative society)/ BOI/ AJP, please fill (di). If co-operative society, please fill (dii) or (div), as applicable.

(di) Do you have income from business or profession for current Assessment Year?  Yes  No (I) If answer to A19(di) is Yes, have you filed form10IEA within due date for any earlier assessment year for choosing old tax regime?  Yes  No (A) If answer to (I) is yes, then i. Furnish form 10IEA acknowledgement number and assessment year for which this form for choosing old tax regime was filed. ii. Have you re-entered new tax regime by filing form 10IEA for any assessment year subsequent to assessment year in which first form 10IEA was filed for choosing old tax regime?  Yes  No (a) If answer to (I)(A)(ii) is Yes, provide the acknowledgement number of second form 10IEA and assessment year for which this form for choosing new tax regime was filed, and furnish ITR in new tax regime. (b) If answer to (I)(A)(ii) is No, have you furnished form 10IEA for re-entering in new tax regime in current assessment year? (b)(i) If yes, then provide the acknowledgement number of form 10IEA and furnish ITR in new tax regime, (b)(ii) If No, then furnish ITR in old tax regime. (B) If answer to (I) is No, have you furnished form 10IEA within due date for current assessment year for choosing old tax regime?  Yes  No i. If answer to (I)(B) is Yes, provide the acknowledgement number of form 10IEA, and then furnish return in old tax regime, ii. If answer to (I)(B) is No, furnish ITR in new tax regime.

(II) If answer A19(di) is No, do you wish to opt for old tax regime for the current Assessment Year?  Yes  No Note- The default regime under section 115BAC(1A) is the ‘new regime’. ‘Old regime’ can be chosen by opting out of new regime u/s. 115BAC(6) by filing form 10IEA, which should be exercised on or before the due date for furnishing the return of income u/s 139(1).

(dii) Have you opted for tax regime u/s 115BAD?  Yes  No If yes, please furnish the AY in which said option is exercised for the first time along with date of filing of Form 10-IF & acknowledgment number.

(diii) If “No”, Option for current assessment year Not opting opting it now. If “opting it now”, please furnish Date of filing of form 10-IF DD/MM/YYYY Acknowledgement number:

(div) If you are a new manufacturing cooperative society, whether you were required to furnish the return of income mandatorily u/s 139(1) for the AY 2024-25 or AY 2025-26? o Yes o No div(a) If the answer to (div) is “Yes”, whether you have exercised the option u/s 115BAE of Opting of new tax regime in A.Y 2024-25 or AY 2025-26?  Yes  No div(b) If the answer to (div) is “No”, do you wish to exercise the option u/s 115BAE of Opting of New Tax regime in AY 2026-27 Yes No div(c) If div(a) or div(b) is selected as ‘Yes’, please furnish date of filing of Form 10-IFA & acknowledgment number Date of filing of form 10-IFA DD/MM/YYYY Acknowledgement number

(e) Residential Status (Tick)   Resident  Non-Resident (f) Whether assessee has a unit in an International Financial Services Centre and derives income solely in convertible foreign exchange? (Tick)   Yes  No (g) Whether you are recognized as start up by DPIIT  Yes  No (h) If yes, please provide start up recognition number allotted by the DPIIT (i) Whether certificate from inter-ministerial board for certification is received?  Yes  No (j) If yes, please provide the certification number (k) Whether you are recognized as MSME  Yes  No (l) If yes, please provide registration number allotted as per Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) (m) In the case of non-resident, is there a permanent establishment (PE) in India (Tick)   Yes  No (n) In the case of non-resident, is there a significant economic presence (SEP) in India as defined in Explanation (2A) to section 9(1) (Tick)   Yes  No If yes, please provide details of (a) aggregate of payments arising from the transaction or transactions during the previous year as referred in Explanation 2A(a) to Section 9(1)(i) (b) number of users in India as referred in Explanation 2A(b) to Section 9(1)(i) (o) Whether you are an FII / FPI? Yes/No If yes, please provide SEBI Regn. No. (p) Whether this return is being filed by a representative assessee? (Tick)   Yes  No If yes, please furnish following information - (1) Name of the representative assessee (2) Email ID of the representative assessee (3) Contact Number of the representative assessee (q) Whether you are Partner in a firm? (Tick)   Yes  No If yes, please furnish following information Name of Firm PAN (r) Whether you have held unlisted equity shares at any time during the previous year? (Tick)   Yes  No If yes, please furnish following information in respect of equity shares