What is Income Tax 5 Filing ?

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.

At Redback, we are continuously available to help you understand how to register a Income Tax Filing.

We Serve Everywhere

MY BUSINESS FILINKGS is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Chennai, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe. We are committed to delivering value to our clients and ensuring long term success. Reach out to us to improve your business in global market, innovation ,reduce costs, implement new techniques, manage risk and governance. For us, the most important differentiator is not ‘what’ we do, but ‘how’ we do it.

FAQ
  • Who can use 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.

  • Who should not file ITR-5 Form ?
      ITR-5 cannot be filed by Taxpayers who fall under the below category :
    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.)
    Individuals, HUFs (Hindu Undivided Families), Companies

  • When should ITR-5 be filed ?
      ITR-5 form is to be used when the assessee is one of the following :
    Firms
    LLPs (Limited Liability Partnerships)
    AOPs (Association of persons)
    BOIs (Body of Individuals)
    Artificial juridical person
    Cooperative society
    Local authority

  • What is the due date for filing ITR-5 Form ?
      Due date for filing the income tax return is 31st August.

Need Our Help?

Need Our Help?

Have a finance problem? Reach to us to get free advisor from our finance experts today.

Contact Now
Vellore,Tamil Nadu
Monday to Saturday
Call Us : (+91) 96299-29981