ITR-5 Filing
**The Entity Form:** Mandatory for **Firms, LLPs, AOPs, and BOIs**—any non-individual taxpayer not filing ITR-6 or ITR-7.
Our CAs ensure accurate preparation of financial statements and audit reports for compliant entity filing.
Who Should File ITR-5?
Applicable to:
For persons other than Individual, HUF, or Company (i.e., those not eligible to file ITR-1, ITR-2, ITR-3, ITR-4, or ITR-6)
Firms (including partnership firms)
Limited Liability Partnerships (LLPs)
Association of Persons (AOPs) and Body of Individuals (BOIs)
Artificial Juridical Persons (AJP), Estates, Business Trusts, and Investment Funds
Key Documents Needed:
PAN Card & Aadhaar of the partners/members (for verification)
Books of Accounts and Financial Statements (Balance Sheet, P&L Account)
Audit Report (if liable for Tax Audit)
Bank Statements
Details of Partner's/Member's Capital Account
Key Requirement: Financial Statements
All entities filing ITR-5 must mandatorily maintain **Books of Accounts** and prepare **Financial Statements** (Balance Sheet and P&L Account), requiring professional CA assistance.
Frequently Asked Questions
ITR-5 is the 'Entity Form' designed for non-individual taxpayers who are not companies. This includes Firms, Limited Liability Partnerships (LLPs), Association of Persons (AOPs), and Body of Individuals (BOIs).
No. LLPs must file ITR-5, as they are specifically excluded from using forms meant for individuals or the presumptive scheme (ITR-4).
The entity must maintain and submit detailed Books of Accounts and Financial Statements (Balance Sheet, P&L), along with a mandatory Audit Report if liable for Tax Audit.
Yes, ITR-5 is applicable to Association of Persons (AOPs) and Body of Individuals (BOIs).