ITR Form 5 AY 2021-22 - Summary
The Central Board of Direct Taxes has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2021-22 vide Notification no.21/2021 in G.S.R. 242(E) dated 31.03.2021. Keeping in view the ongoing crisis due to COVID-19 pandemic and to facilitate the taxpayers, no significant change have been made to the ITR Forms in comparison to the last year’s ITR Forms. Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made.
ITR 5 Form can be used by Firms, Limited Liability Partnerships (LLPs), Association of Persons(AOP) and Body of Individuals (BOIS), Artificial Juridical Person, Cooperative society and Loc, subject to the condition that they do not need to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) (i.e., Trusts, Political party, Institutions, Colleges, etc.). Individuals, HUFs (Hindu Undivided Families), Companies are not eligible to use the ITR 5 Form.
The ITR-5 Form can be filed with the Income Tax Department in two fashions i.e. online and offline. The form can be filed in an offline way either by furnishing the return in a paper form or by furnishing a bar-coded return. When the return filed on paper, the acknowledgement slip paired with the return form should be properly filled.
You can download the ITR Form 5 AY 2021-22 in PDF format using the link given below or an alternative link for more details.