ITR-5 Return Filing Services in Delhi

What is ITR-5 Return?

The ITR-5 form is applicable for entities such as Firms, Limited Liability Partnerships (LLPs), Associations of Persons (AOPs), Bodies of Individuals (BOIs), Artificial Juridical Persons (AJP), Estates of deceased/insolvent, Business Trusts, and Investment Funds.

At Taxcrafted Solutions, we specialize in delivering expert ITR-5 return services. We understand the unique compliance requirements for these entities and provide comprehensive solutions to ensure your tax returns are filed accurately and on time.

Who Can File?

Firms
Limited Liability Partnerships (LLPs)
Association of Persons (AOPs)
Body of Individuals (BOIs)
Cooperative Societies

Who Cannot File?

Individuals (ITR-1/2/3/4)
HUFs (ITR-1/2/3/4)
Companies (ITR-6)
Trusts/Political Parties (ITR-7)

Documents Required

Ensure a smooth filing process with the right documents.

Entity Info

PAN Card of Entity
Incorporation/Partnership Deed
Aadhaar of Partners/Members

Financials

Balance Sheet & P&L A/c
Audit Reports (if applicable)
Bank Statements
TDS Certificates

Other Docs

Capital Gains Proofs
Rental Income Agreements
Investment Proofs

Why Choose Taxcrafted Solutions?

Your trusted partner for specialized tax filing.

Expert Knowledge

Our team has extensive experience in handling complex tax filings for various entities like LLPs and AOPs, ensuring every regulation is met.

Timely Submission

We prioritize timely filing to help you avoid penalties or delays, keeping your organization's compliance record clean.

Frequently Asked Questions

Common queries about ITR-5 Filing.

Who is eligible to file ITR-5?

ITR-5 is for persons other than Individuals, HUFs, and Companies. This includes Firms, Limited Liability Partnerships (LLPs), Association of Persons (AOPs), Body of Individuals (BOIs), Artificial Juridical Persons, and Local Authorities.

Can a Private Limited Company file ITR-5?

No, Private Limited Companies and other companies are required to file ITR-6. ITR-5 is strictly for non-corporate entities like partnerships and LLPs.

Is audit mandatory for filing ITR-5?

Audit is mandatory for LLPs if their turnover exceeds ₹40 Lakhs or contribution exceeds ₹25 Lakhs. For Partnership Firms, a tax audit is required if turnover exceeds ₹1 Crore (or ₹10 Crores for digital transactions). In such cases, the audit report must be filed electronically along with the return.

What is the due date for filing ITR-5?

If the accounts of the Firm/LLP are not required to be audited, the due date is 31st July. If audit is applicable, the due date is 31st October of the assessment year.

Do I need to submit physical documents?

No, ITR-5 is an annexure-less return. No documents (like balance sheet, partnership deed) need to be attached. However, you must keep them ready as they may be required if the Income Tax Department issues a notice for scrutiny.