ITR-5 Return Filing
Overview
ITR-5 is used by firms, LLPs, AOPs, BOIs, artificial juridical persons, business trusts, estates of insolvent persons and estates of the deceased.
Simple Pricing With Deliverables
ITR-5 Filing
₹3,999onwards
- Books finalization
- Filing + DSC verification
Our Process
For ITR-5
Step 1
Books Finalization
Finalize books, ledgers and partner accounts for the year.
Step 2
P&L and Balance Sheet
Prepare and review P&L, BS and capital accounts.
Step 3
ITR-5 Filing
File the return on the Income Tax portal.
Step 4
DSC Verification
Verify the return using the firm's / LLP's DSC.
Documents & Information Required
For ITR-5
Basic Information
- PAN of firm / LLP
- PAN & Aadhaar of all partners / designated partners
- Authorized partner name
- Bank A/c number & IFSC
- Income Tax portal credentials
Income from Business / Profession
- Bank statements
- GST credentials (if applicable)
- Sales and purchase details
- Service provided / purchased
- Other expense details
Equity / Mutual Funds
- Excel report with date of purchase, date of sale, purchase cost, sale proceed
Eligibility
Who can and cannot opt
Who Can
- Artificial Juridical Person (AJP)
- Business trusts
- Estate of insolvent
- Estate of deceased
- Associations of Persons (AOPs)
- Body of Individuals (BOIs)
- LLPs and certain firms
Features
of ITR-5
Designed for Firms
Built specifically for partnership firms, LLPs and similar non-corporate entities.
Capital Gains Support
Handles capital gains on assets owned by the firm or LLP.
Partner-level Disclosures
Captures partner-wise share of profits, remuneration and interest.
Audit Compatible
Supports tax audit reporting where applicable.
Frequently Asked Questions
ITR-5 is the return form for non-corporate entities and non-individual filers. It applies to:
- •Partnership firms and LLPs.
- •Associations of Persons (AOPs) and Bodies of Individuals (BOIs).
- •Artificial Juridical Persons.
- •Business trusts and investment funds where ITR-7 doesn't apply.
- •Estate of an insolvent or a deceased person.
Individuals and HUFs file ITR-1 to ITR-4, companies file ITR-6, and entities claiming exemption under Sections 11, 12, or political parties file ITR-7.
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