ITR-5 is filed by partnership firms, Limited Liability Partnerships (LLPs), Association of Persons (AOPs), Bodies of Individuals (BOIs), artificial juridical persons, co-operative societies, and local authorities.
This form covers all types of income — business, capital gains, house property, and other sources. LLPs and partnership firms must also maintain books of accounts and get them audited if turnover exceeds prescribed limits.
Our CA team provides complete ITR-5 filing services including profit computation, partner remuneration/interest adjustments, Form 3CEB compliance (transfer pricing), and timely e-filing with all required schedules.
Accurate P&L with partner salary, interest, and bonus adjustments.
Complete review and verification of firm books.
Tax audit support if turnover exceeds prescribed limits.
Proper treatment of partner remuneration and interest u/s 40(b).
Transfer pricing compliance for international transactions.
Complete CA-assisted filing with all schedules and acknowledgment.
Keep these documents ready before filing your ITR-5.
Simple 5-step process to file your ITR-5 with expert assistance.
Upload firm P&L, balance sheet, partnership deed, and bank statements.
Our CA reviews books, computes profit, and checks compliance.
Tax audit is completed if applicable.
We share the draft ITR-5 for partner review and approval.
We e-file and share the ITR-V acknowledgment.
Find answers to common questions. Still have doubts? Our CA experts are just a call away.
+91-9870326918Every partnership firm, LLP, AOP, BOI, co-operative society, and local authority must file ITR-5 regardless of their income level. Even if the firm has nil income or loss, filing is required if the entity is registered.
For FY 2025-26 (AY 2026-27), the due date is August 31, 2026 for non-audit cases. If the firm/LLP requires a tax audit (turnover exceeding limits), the due date is October 31, 2026. A belated return can be filed until December 31, 2026.
Partner salary, remuneration, and interest on capital are deducted from firm income subject to limits under section 40(b). The partner then includes these amounts in their personal ITR. Excess amounts disallowed at firm level are added back to firm income.
An LLP requires a tax audit under section 44AB if its turnover exceeds ₹1 Crore (or ₹10 Crore if digital cash transactions are less than 5%). If the LLP opts for presumptive taxation under 44AD, audit is not required if declared profit is at least 8%/6% of turnover.
Yes, ITR-5 allows carry-forward of business losses, capital losses, and unabsorbed depreciation. Losses can be carried forward for 8 years (unlimited for unabsorbed depreciation). The return must be filed before the due date.
Form 3CEB is a transfer pricing certificate required when an Indian entity enters into international transactions or specified domestic transactions with associated enterprises. It must be filed by a CA and submitted along with the ITR.
Get CA-assisted filing with 100% accuracy and on-time submission. Starting at just ₹2,499.
CA-Assisted ITR Filing — Starting at ₹2,499
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