ITR-5 Filing for Partnership Firms, LLPs & More
Have a firm, LLP, or association with income from business or other sources? Get your ITR-5 filed accurately and on time by professionals.
What's Included in Our Service
ITR-5 Preparation & Filing
Complete drafting, computation, and e-filing of ITR-5.
Profit & Loss + Balance Sheet Support
Preparation of required financial statements.
Partner Remuneration & Interest Reporting
Accurate treatment of partner payouts.
Compliance with Section 44AB / Audit
Guidance and filing for audit-required entities.
Who Should File ITR-5?
- Partnership Firms not opting for presumptive taxation under ITR-4.
- LLPs (Limited Liability Partnerships) with any income.
- Association of Persons (AOP) or Body of Individuals (BOI).
- Artificial Juridical Persons like trusts not filing under ITR-7.
- Entities with business income, capital gains, or other sources.
Why You Should File ITR-5
Legal Tax Compliance
Simplified compliance no need to maintain detailed books of accounts.
Accurately Report
Accurately report profits, partner shares, and interest payouts.
Avoid Penalties
Avoid penalties, defective returns, or scrutiny notices.
Income Proof
Build a solid tax history for loan, tender, or government registrations.
Clear guidance, fast filing, and complete accuracy. Couldn’t ask for better support.
GrowTech Partners
We were confused between ITR-4 and ITR-5. Return File explained everything and handled it like pros.
Stellar Associates
Why Thousands Trust Return File for ITR-5 Filing
Chartered Accountant Led Filing
Every ITR-5 is reviewed by experienced professionals.
Financial Statement Ready
We help generate and structure your balance sheet & P&L.
Entity-Specific Compliance
Tailored filing process for firms, LLPs, and AOPs.
What Are the Benefits of Filing ITR-5?
- Stay compliant and avoid penalties under the Income Tax Act.
- File audited or non-audited returns based on your entity status.
- Report partner salaries and claim valid deductions.
- Maintain clean books for business credibility and registration.
- Useful for loan applications, tenders, or foreign investments.
Frequently Asked Questions
Who needs to file ITR-5?
Partnership firms, LLPs, AOPs, BOIs, and other non-individual entities not filing ITR-7.
Is audit mandatory for all ITR-5 filers?
Audit is required only if your turnover exceeds the limits under Section 44AB or if you claim lower profits than presumptive scheme.
What documents are needed for ITR-5?
PAN, firm details, profit & loss statement, balance sheet, partner details, audit report (if applicable), and tax payment challans.
Can LLPs use presumptive taxation and ITR-4?
No. LLPs cannot file ITR-4. They must file ITR-5, even for small turnovers.
What happens if I miss the due date?
You may face penalties, interest under 234F, and disallowance of certain deductions. We help you file accurately and on time.
Running a Firm or LLP? File Your ITR-5 with Experts Now!
Avoid penalties, ensure partner payouts are reported correctly, and stay 100% compliant. Our tax pros will handle your ITR-5 from start to finish.
They filed our ITR-5 with audited books and handled partner interest exactly as required.
Manan & Co. Interior Design Firm (LLP)