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ITR-5 Return Filing Online
If you’re filing taxes on behalf of a partnership firm, LLP, Association of Persons (AOP), or Body of Individuals (BOI), ITR-5 is the designated form for you. It’s tailored for entities other than individuals, HUFs, companies, and those filing ITR-7, ensuring proper disclosure of income, deductions, and tax liabilities.
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Who Should File ITR-5?
ITR-5 is applicable to:
- Partnership firms (excluding those eligible for ITR-4)
- LLPs (Limited Liability Partnerships)
- AOPs (Association of Persons)
- BOIs (Body of Individuals)
- Artificial Juridical Persons
- Estate of deceased or insolvent
- Business trusts and investment funds
ITR-5 is NOT for:
- Individuals
- Hindu Undivided Families (HUFs)
- Companies (use ITR-6)
- Entities required to file ITR-7 (e.g., charitable trusts)
Deadline and Penalties
- Due Date: 31st October (sometimes extended from 31st October)
- Audit Report Deadline: 10th November 2025 (if applicable under Section 44AB)
- Late Filing Penalty:
₹1,000 if income ≤ ₹5 lakh
₹5,000 if income > ₹5 lakh
- Interest under Section 234A applies if tax dues are unpaid
Why Choose Our Service?
Expertise: Our seasoned professionals understand the nuances of tax laws, deductions, and exemptions. We’ll maximize your tax benefits while minimizing your liabilities.
Efficiency: Say goodbye to paperwork hassles. Our streamlined online platform simplifies the entire filing process, saving you time and effort.
Personalized Approach: We recognize that every taxpayer’s situation is unique. We tailor our services to your specific needs, ensuring a customized experience.
Comprehensive Guidance: From understanding ITR forms to gathering necessary documents, we’ll help you through each step.
Timely Filing: We’ll keep you informed about due dates and ensure timely submission of your ITR.
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List of Documents Required for ITR-5 Return
- PAN & Aadhaar Card (for partners/designated persons)
- Partnership deed or LLP agreement
- Balance sheet and profit & loss account
- Audit report (if applicable)
- Form 26AS, AIS, and TIS
- Bank Statements
- Details of capital contributions and withdrawals
- Investment and deduction proofs
- GST returns and filings
- Details of income from other sources
FAQ's on ITR-5 Return Filing
Yes, LLPs must file ITR-5 through the Income Tax portal using digital signature.
Audit is required if turnover exceeds ₹1 crore (business) or ₹50 lakh (profession), unless presumptive taxation applies.
You can file a belated return with penalty till 31st December 2025.
Yes, you must e-verify your return within 30 days of filing to complete the process.