ITR- 5 Return Filing
The Income Tax Department has introduced various forms for different taxpayers. An assessee should choose the appropriate ITR form as per the source of income. One such Income Tax Return (ITR) is the ITR 5 Form. It is primarily designed for firms, Association of Persons (AOP), and Body of Individuals (BOI) who are not required to file their income tax returns as companies. In other words, it is meant for entities that do not have a corporate structure but still need to report their income and taxes to the Indian Income Tax Department.
Filingall is your trusted partner for hassle-free and efficient Income Tax Return (ITR) filing services in India. Our ITR-5 service is designed to cater to the specific needs of firms, the Association of Persons (AOP), and the Body of Individuals (BOI) looking to file their income tax returns seamlessly. With our user-friendly platform, expert assistance, and competitive pricing, filing your ITR-5 has always been a challenge
Who is eligible to file the ITR-5 Form?
The following entities can use the ITR-5 Form:
- Firm
- Limited Liability Partnership (LLP)
- Body of Individuals (BOI)
- Association of Persons (AOP)
- Estate of deceased individuals
- Artificial Juridical Person referred to in section 2(31)(vii)
- Artificial Juridical Person referred to in section 2(31)(vii)
- Estate of insolvent individuals
- Cooperative society
- Local authority
However, it's important to note that a person who is required to file the return of income under sections 139(4A), 139(4C),139(4B), or 139(4D) shall not use this form.