ITR-5 Return Filing

ITR-5 is the income tax return form used by firms, limited liability partnerships (LLPs), and other entities like associations of persons (AOPs), bodies of individuals (BOIs), and cooperatives. This form is designed for businesses and organizations that do not qualify for the simpler ITR-4 form but need to file their tax returns. It is essential for entities involved in any form of business or profession, and they must provide comprehensive details regarding their income, expenses, deductions, and liabilities for the assessment year.

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Simplifying Finances, Amplifying Success

Our ITR-5 Return Filing service is designed to cater to partnerships, LLPs, associations, and other entities ensuring accurate and compliant tax filing.

Expertise in Filing for Diverse Entities

Our specialists have extensive experience in filing ITR-5 for LLPs, AOPs, BOIs, and other business entities, ensuring accurate and compliant submissions.

Customized Tax Solutions for Your Business

We tailor tax strategies to meet the unique financial structure and operational needs of your business.

Compliance with Latest Tax Regulations

Our team stays updated with evolving tax laws, ensuring your ITR-5 is filed accurately and on time.

Seamless Digital Filing Process

Our advanced digital filing system ensures fast, secure, and error-free submission for your convenience.

Dedicated Support for Tax Queries

Our experienced tax consultants are available to address all your questions and concerns.

Data Security & Confidentiality Guaranteed

We implement strict data protection measures to ensure your sensitive financial information remains secure.

Let’s Make Your Finances Simple and Stress-Free

Running a business is hard enough — managing your finances shouldn’t add to the stress. We’re here to help with easy, reliable accounting solutions that keep you on track. From taxes to bookkeeping, we’ve got you covered. Reach out today, and let’s chat about how we can make your financial worries a thing of the past

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Document Required

To file your ITR-5 return, essential documents include PAN card, financial statements, income details, and investment proofs. We streamline the collection process for your convenience.

PAN Card

Aadhaar Card

Bank Account Details (with IFSC)

Income from Partnership, LLP, or Firm (Profit & Loss Statement)

Income from Business or Profession (for entities not in the form of a company)

Income from House Property (Rent Agreement)

Capital Gains Documents (e.g., sale of property or shares)

TDS Certificates (Form 16, Form 16A, Form 16B)

Form 26AS (Tax Credit Statement)

Process Timeline

Our efficient filing process ensures your ITR-5 return is submitted on time, minimizing the risk of penalties and ensuring smooth compliance.

Collect Necessary Documents

Gather all required financial documents, such as balance sheets, profit and loss statements, bank statements, invoices, and receipts. You’ll also need details on income, deductions, and any tax paid or TDS deducted.

Log into the Income Tax Portal

Visit the Income Tax Department’s official website and log into your account. If you do not have an account, create one by registering.

Choose ITR-5 Form

Once logged in, navigate to the Income Tax Returns section and select ITR-5 to start the filing process.

Fill Personal and Entity Details

Enter the basic details of the entity, such as name, address, PAN, registration number, and type of business. Ensure that all the information is accurate and up to date.

Enter Financial Information

Provide details of income earned by the entity, including business income, capital gains, interest income, and other relevant sources. You will also need to report expenses incurred during the period.

Report Tax Deductions

Include information on any deductions available under sections like 80C, 80D, and 80G, along with any other applicable tax reliefs.

Validate Tax Liability

Based on the income and deductions, the system will calculate the total tax liability. If any tax is payable, make the payment promptly to avoid penalties.

File the Return

After completing the details, verify all the information entered in the form. Once confirmed, submit the ITR-5 return electronically.

E-Verify the Return

Upon submission, the return must be verified electronically via Aadhaar OTP, net banking, or by sending the ITR-V form to the Income Tax Department.

Download Acknowledgment

After successful submission and e-verification, download the acknowledgment receipt as proof of filing.

Find the Perfect Fit for Your Budget

Choose from our range of flexible pricing options that cater to your specific needs.

₹7,499

Basic Plan

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Filing of ITR-5 for partnership firms, LLPs, AOPs (Association of Persons), and BOIs (Body of Individuals).

Comprehensive review of income from all sources including business/profession income, capital gains, rental income, and other sources.

Tax computation based on income from the firm, deductions, and applicable exemptions.

TDS adjustments and reconciliation of TDS claims to ensure correct tax credits.

Filing of return with the Income Tax Department.

Email support for post-filing inquiries and clarifications.

Turnaround Time: 5-6 working days.

₹11,999

Standard Plan

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Filing of ITR-5 for partnership firms, LLPs, AOPs, BOIs, and any other eligible entities.

Comprehensive review of business income, capital gains, income from other sources, and specific entity deductions.

Tax computation considering all exemptions, deductions (e.g., 80C, 80G, etc.), and tax liabilities.

TDS reconciliation for all relevant payments and ensuring proper credit is claimed.

Filing of return with the Income Tax Department and e-verification via Aadhaar or DSC.

Phone and email support for follow-up inquiries.

Turnaround Time: 6-7 working days.

₹15,999

Pro Plan

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Filing of ITR-5 for partnership firms, LLPs, AOPs, BOIs, and other entities with complex income structures, including foreign income (if applicable).

In-depth review of all income sources, including business income, capital gains, rental income, and foreign income (if applicable).

Advanced tax planning for minimizing tax liability using eligible exemptions, deductions, and applicable rebates.

Tax computation and adjustments for business expenses, investment income, and other eligible deductions.

Verification of Form 26AS and reconciliation of TDS claims to ensure accurate tax credit utilization.

Filing of return with the Income Tax Department, and e-verification using Aadhaar or DSC.

Dedicated phone support for addressing any complex queries and in-depth consultations.

Priority email support for post-filing assistance, including handling any notices from tax authorities or amendments.

Turnaround Time: 7-8 working days.

Frequently Asked Questions

Find answers to commonly asked questions about our products and services.

What is ITR-5?

ITR-5 is a tax return form used by firms, limited liability partnerships (LLPs), and other entities like associations of persons (AOPs), bodies of individuals (BOIs), and cooperatives to file their income tax returns.

Who is required to file ITR-5?

ITR-5 must be filed by businesses, LLPs, partnerships, co-operatives, AOPs, BOIs, and other similar entities that have business income or income from other sources.

Can an individual file ITR-5?

No, ITR-5 is specifically for entities such as LLPs, partnerships, firms, and co-operatives. Individuals should use ITR-1, ITR-2, or ITR-3 depending on their type of income.

What documents do I need to file ITR-5?

You will need financial documents like profit and loss statements, balance sheets, invoices, receipts, TDS certificates, bank statements, and details of tax deductions.

How do I calculate my tax liability while filing ITR-5?

Tax liability is calculated based on the total income reported by the entity after deducting eligible exemptions and deductions. The tax is then computed as per the applicable tax rates.

Is e-filing mandatory for ITR-5?

Yes, e-filing is mandatory for all entities filing ITR-5. The Income Tax Department requires returns to be filed online.

What happens if I miss the filing deadline for ITR-5?

A penalty may be levied for late filing of ITR-5. The entity may also incur interest on unpaid taxes, and in some cases, further legal action could be taken by the tax authorities.

Can I make corrections in ITR-5 after filing?

Yes, if you have made an error while filing ITR-5, you can file a revised return within the specified time frame to correct any mistakes.

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