CBDT issues guidelines for filling ITR-5 for AY 2018-19 | FY 2017-18

CBDT issues guidelines for filling ITR-5 for AY 2018-19 | FY 2017-18 Instructions for filling out FORM ITR-5 These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. 1.Assessment Year for which this Return Form is applicable This Return Form is applicable for assessment year 2018-19 only, i.e., it relates to income earned in Financial Year 2017-18. 2.Who can use this Return Form This Form can be used by a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), persons referred to in section 160(1)(iii) or (iv), cooperative society, registered societies and local authority. However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4F) shall not use this form. 3.Annexure-less Return Form Tax-payers are advised to match the taxes deducted/collected/paid by or on behalf of them with their Tax Credit Statement (Form 26AS). (Please refer to www.incometaxindia.gov.in) 4.Manner of filing this Return Form This Return Form can be filed with the Income-tax Department in any of the following ways, -

• by furnishing the return electronically under digital signature;
• by transmitting the data in the return electronically under electronic verification code;
• by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR-V;

However, a firm whose accounts are liable to audit under section 44AB shall compulsorily furnish the return electronically under digital signature. In case an assessee who is required to furnish a report of audit under sections 10AA, 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB or 115JC he shall file the report electronically on or before the date of filing the return of income. 5.Filling out the acknowledgement Where the Return Form is furnished in the manner mentioned at 4(iii), the assessee should print out two copies of Form ITR-V. One copy of ITR-V, duly signed by the assessee, has to be sent by ordinary post to Post Bag No. 1, Electronic City Office, Bengaluru560500 (Karnataka). The other copy may be retained by the assessee for his record. 6.Codes for filling this Return Form

• Under the heading 'Filing Status' in the Return Form the relevant box needs to be checked regarding section under which the return is being filed on the basis of following.

How the return is filed	Check Box No.
Voluntarily on or before the due date under section 139(1)	1
Voluntarily after the due date under section 139(4)	2
Revised return under section 139(5)	3
Modified return under section 92CD	4
Under section 119(2)(b) on an application to be made separately before the Income-tax authority. (The return shall be treated as valid only after the application/ claim/ relief under section 119(2)(b) has been admitted by the Income-tax Authority)	5
In response to notice under section 139(9)	6
In response to notice under section 142(1)	7
In response to notice under section 148	8
In response to notice under section 153A/ 153C	9

In case of a revised/defective/modified return, please enter the receipt number of Original return and Date of filing of Original Return. This field is mandatory otherwise the revised return will not be accepted by Income-tax Department. If the return is being filed in response to notice by the Income-tax Department under section 139(9)/142(1)/148/153A/153C, please provide the date of such notice. If this is a modified return under section 92CD, please provide the date of advance pricing agreement.

• Under the head Audit Information, if the assessee is liable for Audit u/s 44AB and the accounts have been audited by an accountant, the details of such audit report along with the date of furnishing it (if filed before the return) to the department has to be filled. Further, if the assessee is liable to furnish other audit report the section under which such audit is required and the date of furnishing it to the department (if audit has been carried out under that section) has to be filled. It is mandatory to furnish audit reports (if the audit has been carried out) under the following sections electronically on or before the date of filing the return of income.

Section under which Audit report is mandatorily to be filed electronically (if the audit has been carried out) on or before the date of furnishing the return of income
Sl.	Section	Sl.	Section
1.	10AA	8.	80-ID
2.	44AB	9.	80JJAA
3.	44DA	10.	80LA
4.	50B	11.	92E
5.	80-IA	12.	115JB
6.	80-IB	13.	115JC
7.	80-IC

Under the head Audit Information, if assessee is liable to audit under any Act other than the Income-tax Act, please fill up, in item (e), name of the Act, Section and date of furnishing audit report.

• Under the head of Partners/Members/Trust information, in item E, in case of a firm/AOP/BOI, information about partners/members is to be filled up, and in case of a trust, information about settlor, trustee and beneficiary is to be filled up. In the column for Status, the status should be filled up as applicable.

Sl. No.	Status to be filled
1	Individual
2	HUF
3	Firm
4	LLP
5	Domestic Company
6	Foreign Company
7	Co-Operative Society
8	Local Authority
9	Trust
10	AOP/BOI
11	Any other Artificial Juridical Person
12	Settlor (in case of a trust)
13	Trustee (in case of a trust)
14	Beneficiary (in case of a trust)

Click here to download the guidelines issued by CBDT. This guideline also includeItem by Item Instructions for filing XML. Click here to download the ITR form Instructions for filing ITR for AY 2018-19 | FY 17-18

• ITR-1
• ITR-2
• ITR-3
• ITR-4
• ITR-5
• ITR-6
• ITR-7