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Income Tax Services

ITR-5 Filing

Estimated timeline *5–7 Working Days for Filing

Estimated delivery

Timeline conditions

Your firm or LLP’s ITR-5 Allow 3–5 working days for Basic, 5–7 for Standard and 7–10 for Premium after complete final accounts, deed/agreement, tax records and required completed audit reports are ready. The service covers one eligible entity and one assessment year; specialised AOP/BOI/cooperative and similar cases need separate assessment. Basic covers straightforward cases up to ₹20 lakh turnover, normally up to two partners. Standard covers above ₹20 lakh to ₹50 lakh, normally up to four partners and one GSTIN, adding partner remuneration/interest and turnover checks plus one pre-filing correction round. Premium covers above ₹50 lakh to ₹1 crore, normally up to six partners and one GSTIN, with the listed loss, depreciation, AMT and partner-payment tax checks and consultation. These are package limits, not legal audit thresholds. Please provide final P&L, Balance Sheet, trial balance/ledgers, capital accounts, bank and source records, tax credits/payments and GST details. Required LLP or tax audits must be completed separately before finalisation. We review the supplied accounts; ongoing bookkeeping and reconstruction are not included. Audits, certification/UDIN, GST/TDS returns, LLP Forms 8/11, specialised foreign/VDA schedules, notices, assessments, appeals, rectification and later revised/updated returns are separate. Tax, interest, late fees and applicable tax on our fee are extra. Filing needs your approval and prescribed verification; refund and assessment outcomes are not guaranteed. Before we begin The estimate starts after payment, complete readable records, required access and your approval. Working days are Monday to Friday, excluding public holidays. Missing information, pending OTP/DSC verification, your response or portal downtime may pause the work. We will let you know if delivery needs to be revised. Please tell us about any legal deadline before ordering. Booking does not extend that deadline; urgent work needs our written acceptance. Your selected plan sets the work, limits and fee inclusions. Extra work or charges will be agreed with you first. Your statutory rights and our responsibility for the work we undertake remain unaffected.

For firms, LLPs, AOPs, BOIs and other eligible entities: Mandatory statutory return for non-corporate commercial entities under the Income Tax Act 1961.

Organize income, deductions and tax details across applicable schedules: Accurate computation of partner salary, interest on capital under Section 40(b), and Alternate Minimum Tax (AMT).

Check year-specific filing and audit requirements for your entity: Complete Class-3 DSC verification and tax audit report attachment for smooth department clearance.

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Pricing

Compare plans for ITR-5 Filing

3 plans available

Basic

₹4,299 /Annually
₹6,50034% off

ITR-5 filing for small partnership firms and LLPs, including financial statement review, tax computation and TDS credit matching.

WHAT'S INCLUDED

6 benefits
  • ✓Up to ₹20 lakh
  • ✓ITR-5 eligibility & tax audit applicability check*
  • ✓Finalised P&L, Balance Sheet & Trial Balance review*
  • ✓AIS, TIS, Form 26AS & TDS credit matching
  • ✓Taxable business income & tax liability computation
  • ✓ITR-5 e-filing, verification guidance & acknowledgement
⭐Most Popular

Standard

₹7,999 /Annually
₹11,00027% off

ITR-5 filing with partner remuneration, interest deductions, GST turnover checks and detailed business tax review.

WHAT'S INCLUDED

11 benefits
  • ✓Above ₹20L to ₹50L
  • ✓ITR-5 eligibility & tax audit applicability check*
  • ✓Finalised P&L, Balance Sheet & Trial Balance review*
  • ✓AIS, TIS, Form 26AS & TDS credit matching
  • ✓Taxable business income & tax liability computation
  • ✓ITR-5 e-filing, verification guidance & acknowledgement
  • ✓Partner capital & profit-sharing schedule review*
  • ✓Partner remuneration & interest deduction review*
  • ✓GST turnover matching with books — one GSTIN*
  • ✓Detailed return schedules & one pre-filing correction round
  • ✓Up to ₹20 lakh

Premium

₹9,999 /Annually
₹15,00033% off

Advanced ITR-5 filing for firms and LLPs, with detailed loss, depreciation, AMT, partner TDS and tax reconciliation checks.

WHAT'S INCLUDED

16 benefits
  • ✓Above ₹50L to ₹1 crore
  • ✓ITR-5 eligibility & tax audit applicability check*
  • ✓Finalised P&L, Balance Sheet & Trial Balance review*
  • ✓AIS, TIS, Form 26AS & TDS credit matching
  • ✓Taxable business income & tax liability computation
  • ✓ITR-5 e-filing, verification guidance & acknowledgement
  • ✓Partner capital & profit-sharing schedule review*
  • ✓Partner remuneration & interest deduction review*
  • ✓Detailed return schedules & one pre-filing correction round
  • ✓Brought-forward losses & depreciation schedule review*
  • ✓Partner-payment TDS compliance review (Section 194T)*
  • ✓Alternate Minimum Tax (AMT) review where applicable*
  • ✓One pre-filing tax consultation & advance-tax estimate*
  • ✓Up to ₹20 lakh
  • ✓Above ₹20L to ₹50L
  • ✓GST turnover matching with books — one GSTIN*

ITR-5 Filing for Firms, LLPs and Specified Entities

Prepare your firm or LLP return using the applicable income, remuneration and tax-credit records. We review partner details and relevant adjustments, then prepare ITR-5 for the required verification method and current filing period.

AY 2026-27 covers FY 2025-26 and uses forms under the Income-tax Act, 1961. TaxQue reviews the entity category and records, prepares the return for client review, and supports authorised e-filing. Portal processing and the tax outcome remain with the Income Tax Department.

What is ITR-5 Filing?

ITR-5 is the prescribed return for persons other than individuals, HUFs, companies and persons filing ITR-7. Eligible categories include firms, LLPs, AOPs, BOIs, cooperative societies, certain societies and trusts, local authorities, representative assessees, estates, business trusts and investment funds, subject to the notified form and statutory filing obligation.

ITR-5 Filing — ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 Return Filing — TaxQue

AY 2026-27 uses old Act forms: This assessment year reports income earned in FY 2025-26 and is governed by the Income-tax Act, 1961. Select AY 2026-27 and use the current ITR-5 utility.

Return choice follows entity status: ITR-5 excludes individuals, HUFs, companies and ITR-7 filers. Certain resident individuals, HUFs and eligible firms other than LLPs may instead choose ITR-4 if they meet its presumptive-tax conditions.

AY 2026-27 deadlines vary by category: Non-audit business cases have a 31 August 2026 due date. For the specified audited category, Circular 07/2026 extended the 31 October return date to 21 November 2026 and the related audit-report date to 21 October 2026. Transfer-pricing cases have separate timelines.

Use current portal and statutory instructions

Check that the entity falls within the deadline category, verify the latest form and validation rules, and reconcile every schedule to records. Due dates and tax treatment depend on the entity and applicable law; filing support does not guarantee acceptance or a particular tax outcome.

Process

How to Get Started

1

Step 01

1. Confirm the entity type, status and assessment year

Check the official ITR-5 definition and confirm whether the entity belongs in ITR-5, ITR-4, ITR-6 or ITR-7.

  1. 1Confirm PAN, legal name, entity constitution, residential status and authorised signatory.
  2. 2Identify audit status, business income, special schedules, tax regime options and return due date.
2

Step 02

2. Reconcile entity records and prepare schedules

Compile accounts and tax records, then prepare the relevant ITR-5 schedules using AY 2026-27 validation rules.

  1. 1Reconcile profit allocation, partner/member details, deductions, losses, tax credits and applicable tax computation.
  2. 2Compare figures to financial statements, audit reports, AIS/TIS, Form 26AS and tax challans.
3

Step 03

3. Review, file and track

Share the draft for authorised review, e-file through the portal and complete prescribed verification.

  1. 1Monitor the acknowledgement and processing status; review any official communication promptly.
  2. 2Keep the return, audit reports and supporting records together for future reference.
Documentation

Documents Required for ITR-5 Filing

Documents depend on entity type, income and disclosures. Use the AY 2026-27 ITR-5 form and portal checklist as the final reference; prepare the following records where relevant.

Swipe horizontally to view table👉
Information groupExamplesPreparation note
Entity identity and authorisationPAN, constitution deed or LLP agreement, registration details, address, partner/member details and authorised signatory.Ensure names, PANs, profit-sharing ratios and contact details match the entity’s records.
Books and financial statementsTrial balance, balance sheet, profit and loss account, ledgers, bank statements and partner/member capital accounts.Provide reconciliations for material balances and income items.
Audit and tax computationApplicable audit report, depreciation details, tax adjustments, losses, deductions and tax-regime election records.Confirm whether audit is required and align report particulars with the return.
Tax credits and paymentsForm 26AS, AIS/TIS, TDS certificates and advance-tax or self-assessment tax challans.Reconcile credit claims to the portal and books before submitting.
Special disclosuresInternational transactions, specified domestic transactions, trust or business-trust data, member allocations and notices, where applicable.Provide supporting agreements, reports and prior-year return details relevant to the entity.
Due Date

ITR-5 Filing Dates: AY 2026-27

AY 2026-27 covers income from FY 2025-26 under the 1961 Act. For non-audit business cases, the due date is 31 August 2026. For persons whose accounts are required to be audited, CBDT Circular 07/2026 extends the 31 October 2026 return date to 21 November 2026; confirm the entity falls within the statutory category. Transfer-pricing cases follow their separate timeline.

Swipe horizontally to view table👉
MilestoneWhat determines itImportant note
Non-audit business return31 August 2026 for eligible non-audit business cases under the AY 2026-27 calendar.Confirm that the entity and income type qualify for this date.
Audited accounts21 November 2026 for the specified audited category, extended from 31 October by Circular 07/2026.Do not apply this extension to every ITR-5 filer without checking the statute and circular.
Audit reportFor the specified category, the corresponding tax-audit report deadline is extended to 21 October 2026.Check audit type and whether section 92E applies; transfer-pricing reports have separate due dates.
Transfer pricingWhere a report under section 92E is required, the applicable ITR deadline is generally 30 November 2026.Verify the exact statutory deadline and any later notification for the case.
Belated or revised returnA belated return may generally be filed by 31 December 2026 or before completion of assessment, whichever is earlier.Late filing fees, interest and loss carry-forward effects may apply; verify current rules.
Return and utility availabilityThe Income Tax Department lists ITR-5 for AY 2026-27 and provides the current utility for filing.Use the latest portal form, validation rules and official notices on the filing date.
Threshold

Who Uses ITR-5: Entity-Based Applicability

ITR-5 has no single turnover threshold for choosing the form. It applies to entities other than individuals, HUFs, companies and ITR-7 filers, including firms, LLPs, AOPs, BOIs, cooperative societies and certain other listed persons. Return choice depends on legal status and filing obligation, not just revenue.

Benefits

Why Choose ITR-5 Filing

A structured workflow can help an entity confirm the right return, organise accounting records and complete its filing steps with a reviewable paper trail.

✅

Correct entity and form check

Start by confirming the entity type, statutory return obligation and assessment year.

Financial and tax reconciliation

Compare accounts, member or partner allocations, tax credits and applicable audit details.

🛡️

Reviewable filing record

Keep the client-reviewed draft, authorised submission, acknowledgement and next-step record together.

Eligibility

ITR-5 Eligibility Checklist

The entity must fall in the ITR-5 filer class for the relevant year and must not be an individual, HUF, company or person required to file ITR-7. The notified AY 2026-27 form defines the category.

1Confirm entity type and return obligation

  • Typical filers include firms, LLPs, AOPs, BOIs, cooperative societies and other specified entities listed in the ITR-5 form.
  • Check whether presumptive eligibility is relevant; ITR-4 is limited to its own conditions and is not available to LLPs.
  • Persons required to file under sections 139(4A), 139(4B) or 139(4D), or otherwise eligible for ITR-7, should use the applicable ITR-7 form instead.

ITR-5, ITR-4 or ITR-7: Choosing the Correct Return

Return selection is based on the entity’s legal form and filing obligation, not simply on revenue. Confirm category before preparing schedules.

Swipe horizontally to view table👉
Service elementTaxQue processWhat the client can verify
ITR-5For persons other than individuals, HUFs, companies and ITR-7 filers.Check the entity against the notified ITR-5 form for the AY.
ITR-4Optional presumptive return for eligible resident individuals, HUFs and certain resident firms other than LLPs, subject to conditions.Turnover limits and exclusions apply; confirm current rules before choosing.
ITR-6 / ITR-7ITR-6 is for companies except those claiming section 11 exemption; ITR-7 is for persons required under specified provisions.Do not substitute ITR-5 when another statutory form applies.
Assessment yearAY 2026-27 is for FY 2025-26 and uses forms under the Income-tax Act, 1961.Select the assessment year in the official portal and use its latest form.
Features

ITR-5 Return Preparation for Eligible Entities

Support for verifying the entity’s return category, preparing ITR-5 schedules and completing review and e-filing steps for AY 2026-27.

Entity and AY validation

Confirm the legal form, return obligation and current assessment year before preparing the return.

📄

Books-to-return reconciliation

Use entity accounts and supporting tax records to prepare and reconcile the applicable schedules.

✅

Review, authorised e-filing and tracking

Submit after client approval, complete required verification and monitor official portal updates.

FAQ

Frequently Asked Questions

Quick answers about ITR-5 Filing

ITR-5 is the mandatory income tax return for Partnership Firms, Limited Liability Partnerships (LLPs), Association of Persons (AOP), Body of Individuals (BOI), Artificial Juridical Persons (AJP), and Business Trusts. Companies must file ITR-6 and Individuals file ITR-1 to ITR-4.

Under Indian tax law, Partnership Firms and LLPs are taxed at a flat base rate of 30% on net profits (plus 12% surcharge if total income exceeds ₹1 Crore, and 4% Health & Education Cess, making the effective rate 31.2% or 34.944%). Unlike individuals, firms do not enjoy basic tax exemption slabs.

Under Section 40(b) of the Income Tax Act, a firm can deduct partner remuneration (salary/bonus) up to prescribed book profit limits (e.g. ₹1.5L or 90% of book profits up to ₹3L, and 60% of balance) and interest on partner capital up to 12% per annum, provided these are authorized in the Partnership Deed / LLP Agreement. TaxQue structures partner salaries to legally minimize the firm's 30% tax liability.

For non-audit firms and LLPs, the due date is 31st August (AY 2026-27). If the firm or LLP is subject to mandatory Tax Audit under Section 44AB (or Transfer Pricing audit under 92E), the tax audit report must be filed by 30th September and the ITR-5 return by 21st November 2026 (extended for AY 2026-27; audit report by 21st October 2026).

Tax audit by a practicing CA is mandatory if the firm's annual turnover exceeds ₹1 Crore (or ₹10 Crores if cash transactions are ≤ 5%). For professional firms, the threshold is gross receipts exceeding ₹50 Lakhs. TaxQue provides end-to-end CA tax audit (Form 3CB-3CD) and ITR-5 filing.

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