ITR 5

What is the ITR 5 Form?

The ITR-5 form from the Income Tax Department is designed for filing income tax returns by entities such as firms, LLPs, Association of persons (AOPs), Body of Individuals (BOIs), Artificial Juridical Person (AJP), Estate of deceased, Estate of insolvent, Business trust, and investment fund.

Who is Eligible to File the ITR-5 Form?

This form can be used by the following persons

• Firm
• Limited Liability Partnership (LLP)
• Association of Persons (AOP)
• Body of Individuals (BOI)
• Artificial Juridical Person (AJP) referred to in clause (vii) of Section 2(31)
• Local Authority referred to in clause (vi) of Section 2(31)
• Representative Assessee referred to in Section 160(1)(iii) or (iv)
• Cooperative Society
• Society registered under Societies Registration Act, 1860 or under any other law of any State
• Trust other than Trusts eligible to file Form ITR-7
• Estate of Deceased Person
• Estate of an Insolvent
• Business Trust referred to in Section 139(4E)
• Investments Fund referred to in Section 139(4F)

However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4D) shall not use this form. Not sure which ITR form you need to use? Read our guide for help.

E-filing Audit Reports

In case an assessee who is required to furnish a report of audit under sections 10(23C)(iv), 10(23C)(v), 10(23C)(vi), 10(23C)(via), 10A, 10AA, 12A(1)(b), 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB or 115VW he shall file the report electronically on or before the date of filing the return of income.