Income Tax Returns – Form 5 Filing
ITR- Form - 5:- The following assesses will use this ITR-5 to submit their income tax returns.
- Partnership Firm
- Limited Liability Partnership LLP
- Association of persons
- Body of individuals
- Artificial Juridical person
- Co-Operative Society
- Local Authority is not applicable for Trust, Political Party, Institutions, Colleges, etc.
What is ITR – Form – 5 Filing
Firms, LLPs, AOPs (association of persons), and BOIs (body of individuals) are the intended recipients of this income tax return.
- This form may be used by firms, limited liability partnerships (LLPs), AOPs, BOIs, cooperative societies, local authorities, and artificial judicial persons as defined in section 2(31).
- Nevertheless, this form may not be used by anybody who is obliged to file an income return under section 130(4A), 139(4B), 139(4C), or 139(4D).