ITR-5 Form Filing - Income Tax Return

ITR-5 Form can be used by Firms, Limited Liability Partnerships(LLPs), Association of persons(AOPs) and Body of Individuals(BOIs), Artificial Juridical Person, Cooperative society and Local authority, provided they are not required 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 cannot use the ITR-5 Form.




ITR-5 must be filed by firms, LLPs (Limited Liability Partnerships), AOPs (Association of persons) and BOIs (Body of Individuals), artificial juridical person, cooperative society and local authority.
ITR-5 cannot be filed by Taxpayers who fall under the below category :
1. Assessees who are required 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.)

2. Individuals, HUFs (Hindu Undivided Families), Companies
ITR-5 form is to be used when the assessee is one of the following :

1. Firms
2. LLPs (Limited Liability Partnerships)
3. AOPs (Association of persons)
4. BOIs (Body of Individuals)
5. Artificial juridical person
6. Cooperative society
7. Local authority
Due date for filing the income tax return is 30th September.

Basic

5,999

Income tax return filing for a taxpayer with taxable income of less than Rs.10 lakhs.

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Startup

7,999

Income tax return filing for a taxpayer with taxable income of more than Rs.10 lakhs.

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