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.

Get Started

Register Your Company Today

Enter Your Area Pincode

Documents Required

Personal Information

PAN Card
Aadhaar Card
Bank Account Details (with IFSC)

Income Documents

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)

Tax Deducted at Source (TDS) Documents

TDS Certificates (Form 16, Form 16A, Form 16B)
Form 26AS (Tax Credit Statement)

Process Timeline

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

A brief description goes here

Get Started
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

A brief description goes here

Get Started
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

A brief description goes here

Get Started
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.