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File Your ITR-5 Return for Firms, LLPs & Other Entities

ITR-5 is an Income Tax Return form used by specified persons and entities — including Partnership Firms, LLPs, AOPs, BOIs, Cooperative Societies and certain Trusts — that are not required to file ITR-1, ITR-2, ITR-3, ITR-4, ITR-6 or ITR-7.

ITR-5 covers business income, capital gains, house-property income, interest and other income, with detailed reporting of financial statements, partner/member capital, GST, TDS and applicable schedules.

Eligibility Review

Entity Classification

Financial Statement Review

Partner / Member Capital

GST / TDS Reconciliation

Filing & E-Verify

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Share a few details — our team will check eligibility, reconcile your entity's books/GST and file the return.

Entity / Contact Name

Mobile Number

Email Address

Entity PAN

Assessment Year

Entity Type

Service Required

Annual Turnover / Receipts?

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Overview

What Is ITR-5 & Who It's For?

ITR-5 is a return of income for certain non-individual and non-company taxpayers — including Partnership Firms, LLPs, AOPs, BOIs, Cooperative Societies, certain Trusts, Estates, Business Trusts and Investment Funds — that are not required to file ITR-1, ITR-2, ITR-3, ITR-4, ITR-6 or ITR-7.

A Return for Specified Entities

Applicable to Firms, LLPs, AOPs, BOIs, Cooperative Societies, certain Trusts, Local Authorities, AJPs, Estates, Business Trusts and Investment Funds, subject to applicable provisions.

Used When ITR-1 to ITR-4, ITR-6 & ITR-7 Don't Apply

A person required to file under Section 139(4A), 139(4B) or 139(4D) is not required to use ITR-5.

Financial Schedules & Disclosures

Can include Profit & Loss, Balance Sheet, partner/member capital, depreciation and applicable financial schedules.

Partnership firm and LLP financial records representing ITR-5 filing

ITR-5Firms, LLPs & Other Entities

What We Help You With

Complete ITR-5 support — from entity eligibility review to filing and e-verification.

Eligibility Review

Confirm ITR-5 applies, and that ITR-6 or ITR-7 is not required instead.

Entity Classification Review

Confirm status as Firm, LLP, AOP, BOI, Society, Trust or other eligible category.

Financial Statement Review

Review Profit & Loss, Balance Sheet and supporting ledgers.

ITR-5

Firms, LLPs & Other
Specified Entities

Partner / Member Review

Review capital, profit-sharing ratio, remuneration, interest and drawings.

GST & TDS Reconciliation

Compare GST returns, TDS/TCS records, Form 26AS and AIS with the books.

Filing & E-Verification

Prepare, submit and complete e-verification of ITR-5 through the e-Filing portal.

Our Services

ITR-5 Filing Services

Choose the review, reconciliation or filing service relevant to your entity.

ELIG

ITR-5 Eligibility Review

Check whether ITR-5 applies to the entity, and that ITR-6 or ITR-7 isn't required instead.

CLS

Entity Classification Review

Confirm entity status — Firm, LLP, AOP, BOI, Cooperative Society, Trust or other category.

FIN

Financial Statement Review

Review Profit & Loss, Balance Sheet, assets, liabilities and capital.

PTR

Partner / Member Review

Review partner capital, profit-sharing ratio, remuneration, interest and drawings.

GST

GST & TDS Reconciliation

Compare GSTR-1/3B, TDS returns, Form 26AS, AIS and books of account.

FILE

Filing & E-Verification

Preparation, submission and e-verification of ITR-5 through the e-Filing portal.

Who Can File ITR-5

Who Should File ITR-5?

For AY 2026-27, ITR-5 can be used by specified persons/entities that are not required to file ITR-1, ITR-2, ITR-3, ITR-4, ITR-6 or ITR-7. It is commonly relevant for:

Partnership Firms Limited Liability Partnerships (LLPs) Association of Persons (AOPs) Body of Individuals (BOIs) Cooperative & Registered Societies Certain Trusts, Estates & Local Authorities Business Trusts & Investment Funds Artificial Juridical Persons & Representative Assessees

The correct return form depends on the entity's complete legal status and facts — a taxpayer should not select ITR-5 merely because the entity earns business income.

Clear Expectations

Who Should Not Use ITR-5?

ITR-5 is not the appropriate form for every taxpayer. A taxpayer should first check whether another form is applicable:

Individuals and HUFs — these use ITR-1, ITR-2, ITR-3 or ITR-4 as applicable

Companies — these generally use ITR-6, subject to specific exceptions

Persons required to file under Sections 139(4A), 139(4B) or 139(4D) — ITR-7 applies instead

Societies or Trusts required to file ITR-7 rather than ITR-5

An entity should first determine its correct legal status and applicable return form before selecting ITR-5.

Clear Distinction

ITR-5 vs ITR-6 vs ITR-7

ITR-5 is not the return form for every entity — companies and certain trusts/societies use a different form.

Aspect	ITR-5	ITR-6	ITR-7
Applicable To	Firms, LLPs, AOPs, BOIs, Cooperative Societies, certain Trusts & other specified persons	Companies not required to file ITR-7	Persons/entities required to file under Sections 139(4A), 139(4B), 139(4C) or 139(4D)
Individuals / HUFs	Not applicable	Not applicable	Not applicable
Typical Use	Partnership Firm / LLP / AOP / BOI return	Company income-tax return	Charitable/religious trusts & similar specified categories
Mandatory Use	Used when other forms don't apply	Used by eligible companies	Used where the specific statutory provision requires it

The correct return form should be selected only after reviewing the entity's complete facts and applicable eligibility conditions.

Filing Journey

How ITR-5 Filing Works

From collecting entity records to reconciling books/GST and completing e-verification.

Collect Entity Records

Partnership deed/LLP agreement, registration certificate, books, bank statements and GST returns.

Reconcile Books, GST & Bank

Compare sales/purchase registers, GST returns and bank settlements with the books.

Prepare P&L & Balance Sheet

Determine the entity's profit, assets, liabilities and partner/member capital position.

Review Partner / Member Capital

Reconcile capital, profit-sharing ratio, remuneration, interest and drawings.

Compute Tax

Calculate total income, tax, surcharge, cess, TDS/TCS credit and final liability.

Submit & E-Verify

Submit ITR-5 through the e-Filing portal and complete verification.

The Filing Process

How We Help You File ITR-5

From eligibility check to a filed and verified return.

Check Eligibility & Collect Records

We confirm ITR-5 eligibility and help collect legal documents, books and bank statements.

Reconcile Books, GST & TDS

Income and expenses are reconciled across books, GST returns, Form 26AS and AIS.

Prepare Financials & Compute Tax

Profit & Loss, Balance Sheet, partner/member capital and final tax liability are prepared.

File & E-Verify

The return is submitted through the e-Filing portal and e-verified within the prescribed time.

Documents & Information

What You Should Keep Ready

The exact records required depend on the entity type. Commonly relevant items include:

Entity PAN & Registration

Partnership Deed / LLP Agreement

Bank Statements

GST Returns (GSTR-1 / 3B)

Profit & Loss / Balance Sheet

TDS, Form 26AS & AIS

Document requirements vary by entity — a Partnership Firm/LLP should keep the deed/agreement, financial statements and GST records ready, while a Society/Trust should keep the registration certificate, bye-laws and financial statements ready, alongside Form 26AS and AIS.

What You Receive

After Your ITR-5 Filing

The exact deliverables depend on the selected service.

ITR-5 Eligibility Review Entity Classification Review Financial Statement Review Partner / Member Review GST & TDS Reconciliation Tax Computation ITR-5 Preparation Filing & E-Verification Guidance

Once filed and verified, we can retain the acknowledgement, filed return copy and tax-computation record for your reference.

Good to Know Before You File

A quick, plain-language summary of how ITR-5 filing works — for your reference alongside the applicable law.

Governed by Current Tax Law

ITR-5 eligibility, entity classification, tax rates, deductions, partner remuneration, tax audit and filing requirements follow the Income-tax Act, Rules, notified forms and official guidance applicable to the relevant Assessment Year.

Choose the Right Form First

An entity should not select ITR-5 merely because it earns business income — it's worth confirming that ITR-6 or ITR-7 doesn't apply instead.

Based on Actual Records

Turnover, expenses, assets, liabilities, partner capital and tax credits are reported from the entity's real books, bank statements and GST records — never estimated or invented figures.

Keep Business & Personal Separate

Only genuine, business-related expenses should be claimed. Partners' personal spending, even from an entity bank account, is kept apart from business expenditure.

Reconciliation Matters

GST returns, bank statements, TDS records, AIS and Form 26AS are cross-checked wherever applicable, so the return matches what's actually reported elsewhere.

Tax Audit Is a Separate Check

Whether books of account or a tax audit are required depends on the entity's turnover, receipts and specific circumstances — filing ITR-5 by itself doesn't make an audit mandatory.

This page is for general information and doesn't replace the latest notified ITR-5 form, official Income Tax Department guidance, or personalised professional advice. Final processing, assessment, refund or any other outcome rests with the Income Tax Department/CPC under applicable law — we don't guarantee a specific refund, tax-audit outcome or acceptance of any particular claim. For complex matters (substantial turnover, tax audit, foreign income/assets, transfer pricing, scrutiny or disputes), please seek dedicated professional advice.

FAQs

Frequently Asked Questions

Clear answers before you file your ITR-5.

ITR-5 is an Income Tax Return form for specified persons/entities other than Individuals, HUFs, Companies and persons required to file ITR-7.

Eligible entities include Partnership Firms, LLPs, AOPs, BOIs, AJPs, Local Authorities, Representative Assessees, Cooperative Societies, certain Societies, certain Trusts, Estates, Business Trusts and Investment Funds.

No. Individuals and HUFs use their applicable return form — ITR-1, ITR-2, ITR-3 or ITR-4 depending on their circumstances.

No. Companies generally use ITR-6 or another applicable company return, so a company should not use ITR-5 merely because it has business income.

No. LLPs cannot use ITR-4 — an LLP required to file an income-tax return generally uses ITR-5, subject to applicable provisions.

ITR-5 is for specified entities not required to file ITR-7. Persons required to file under Sections 139(4A), 139(4B), 139(4C) or 139(4D) should use ITR-7 instead.

Certain trusts can. Trusts required to file ITR-7 should not use ITR-5.

The Income Tax Department states that partnership firms, including LLPs, are generally taxed at 30% for AY 2026-27, with applicable surcharge and 4% Health & Education Cess.

No. Tax-audit applicability depends on the entity's turnover, receipts and specific circumstances, and is a separate question from ITR-form selection.

The figures should be appropriately reconciled, but they may not be identical in every case, since GST and income-tax reporting can treat particular items differently.

Partner remuneration and interest can have specific tax treatment and statutory conditions, and should be reviewed against the partnership deed/LLP agreement and applicable provisions before being claimed.

Eligible losses may be carried forward subject to statutory conditions, including applicable filing requirements and timely submission of the return.

Yes. AIS and Form 26AS should be reviewed and reconciled with the entity's books and bank records before filing — any mismatch should be investigated first.

Yes. The Income Tax Department's current Downloads page lists ITR-5 Utility Version 1.0.1 (released 14 August 2026) along with an Excel-based utility version 1.3 for AY 2026-27.

File Your ITR-5 Accurately & On Time

Reconcile your entity's books, GST and TDS records, and file the correct return for your Firm, LLP or other entity.

Check Eligibility → Collect Records → Reconcile Books/GST/TDS → Prepare Financials → Compute Tax → Submit → E-Verify

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