CBDT Issues Corrigendum to ITR-5 for AY 2026-27: Corrections to STCG Formulae and Depreciation [Read Notification]

The Central Board of Direct Taxes (CBDT), functioning under the Ministry of Finance has issued a corrigendum to an earlier notification which revised Form ITR-5 for the Assessment Year 2026-27.

The present corrigendum brings corrections to Notification No. G.S.R. 229(E) dated March 30, 2026 which introduced an updated return format for partnership firms, Limited Liability Partnerships, Association of Persons, Body of Individuals, Trusts and similar entities.

The revised ITR Form-5 captures multiple details including taxpayers’ identity, business details, financial statements, tax regime selection, and partner/member information in order to streamline the disclosure mechanism and to align return filing with digital compliance requirements.

Also Read: CBDT IntroducesRevised ITR‑5 Format, Making Filing Compulsory for Firms, LLPs, AOPs & BOIs

Corrigendum to ITR Form-5

The corrigendum seeks to rectify certain inadvertent errors within the earlier notified form.

The corrigendum introduces the following key changes:

• Correction in Schedule CG (Capital Gains):

At page 107, in row A8, the earlier expression “(A8a A8b + A8c)” has been substituted with “(A8a + A8b + A8c)”.

The addition operator (+) which was earlier omitted has now been included, ensuring that the computation of capital gains aggregates all three components correctly.

• Correction in Schedule UD (Unabsorbed Depreciation and Allowance):

At page 119, in row (v), under columns (4) and (5), the references “(3xvi of BFLA)” and “(4xvi of BFLA)” have been corrected to “(3xv of BFLA)” and “(4xv of BFLA)” respectively.

The form earlier carried an incorrect reference to the schedule which has now been replaced with the correct clauses of the Brought Forward Loss Adjustment (BFLA) schedule.

Also Read: Income Tax DeptDelays in Making ITR Forms & Utilities Available: Gujarat HC Hears CAAssociation’s Plea

Though the amendments are of a simple nature, it is of paramount importance that the CBDT rectify mistakes which could otherwise lead to computational errors or interpretational errors during the preparation of ITR-5 form for AY 2026–27.

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