If you are also thinking of filing an Income Tax Return (ITR), then this news is for you. The process of filing returns for the assessment year 2025-26 for the financial year 2024-25 is going on, and so far, more than 2.51 crore ITRs have been filed. For those who do business, are associated with a firm, trust, or society, the Income Tax Department has released the Excel form of ITR-5 online. This is big relief news, because without this, it was difficult to file returns. Let us know who the ITR-5 form is for, and what the important things related to return filing are.

Who is the ITR-5 form for

The Income Tax Department has given information on the social media platform X that the Excel utility of ITR-5 is now live. This form is used by these taxpayers:

ITR filing 2025

Partnership Firms

Limited Liability Partnerships (LLP)

Co-operative Societies

Trusts

Associations of Persons

Other entities

This form requires details like balance sheet, profit and loss statement, GST-related information, different sources of income, deductions, and foreign assets. The new update also adds provisions for MSME registration, startup deductions (Section 80-IAC), and reporting of digital assets like crypto-NFT.

Last date and important points to file ITR

The last date to file ITR in non-audit cases is 15 September 2025. After filing the return, it is mandatory to send e-verification or a signed form to CPC, Bengaluru, within 30 days. Along with ITR-5, the department had already released the utilities for ITR-1, ITR-2, ITR-3, and ITR-4, which helped most taxpayers file their returns.

How to check income tax refund status

ITR Filing 2025

If you have filed ITR and are now waiting for your refund, you can check your status by following these simple steps:

First of all, visit the Income Tax Department website https://eportal.incometax.gov.in.

Log in by entering your user ID and password.

After this, go to the ‘e-File’ tab, then select ‘Income Tax Returns’ and then ‘View Filed Returns’.

All your filed returns will be visible here.

You can check the status of your refund by clicking on ‘View Details ‘.