ITR - 5 Form Filing
Easy ITR - 5 Form Filing with Expert Help from CBS Stracon
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.
Aspects of form ITR - 5
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.
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.)
Who should not use ITR-5 Form ?
Due date to file ITR - 5
Due date for filing the income tax return is 31st August.
When to file ITR-5?
ITR-5 form is to be used when the assessee is one of Firms, LLPs, AOPs, BOIs, Artificial Juridical Person, Cooperative Society and Local Authority.
ITR-5 form can be filed under any of the following four methods:
Filing online using digital signature certificate.
Transmitting the data in ITR 5 form electronically under electronic verification code.
By transmitting the data in ITR 5 form electronically and then mailing (By post) the return in Return Form ITR-V to the Income Tax Office.