ITR 5 Form Filing - Income Tax Return
ITR-5 form can be used for filing income tax return of partnership firms, LLPs and AOPs. ITR-5 return may require tax audit based on turnover of the business.
ITR-5 OverviewITR-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. |
