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ITR-5 Form Filing
(Partnership Firm, LLP & AOP)

Designed for Partnerships, Limited Liability Partnerships (LLP), AOPs, and BOIs. We ensure Compliance with Section 44AB (Tax Audit), Section 40(b) (Remuneration), and E-Verification.

31st July

Non-Audit Due

31st Oct

Audit Due Date

Expert

CA Assistance

Max Deductions on Partner Remuneration & Interest

File ITR-5

Financial Statements Required.

ALERT: Mandatory Tax Audit if turnover > ₹1 Cr (Business) or > ₹50 Lakhs (Profession). File Form 3CA-3CD.

Benefits of Filing ITR-5

Interest to Partners

Firms can deduct Interest paid to partners (up to 12%) from taxable income, provided it is authorized by the Deed.

Partner Remuneration

Salary, Bonus, or Commission paid to working partners is deductible under Section 40(b) based on Book Profits.

Loss Carry Forward

Filing on time allows the firm to carry forward business losses to future years for set-off against profits.

Filing Packages

Pricing based on entity type and audit requirements.

Partnership Firm

₹4,899 /yr Non-Audit Case
  • ITR-5 e-Filing
  • Preparation of Financials
  • Partner Salary Calculation
  • CA Support
Select Plan

LLP Tax Filing

RECOMMENDED
₹6,899 /yr With ROC Sync
  • Financial Statement (B/S & P&L)
  • Matching Form 8 & ITR Data
  • Verification with DSC
  • MAT Credit Check
Select Plan

Tax Audit

₹14,899 /yr Turnover > 1 Crore
  • Form 3CA-3CD Filing
  • Complete Account Auditing
  • Digital Signature of CA
  • High Priority Service
Select Plan

Documents Checklist

Standard requirements for Firm/LLP filing:

Partnership Deed / LLP Agreement (To check salary clauses)
Balance Sheet & P/L Account
Bank Statements (Current Accounts)
Partners' KYC (PAN & Aadhaar for Verification)
Digital Signature (DSC) of Designated Partner (Mandatory for LLPs)

Filing Workflow

1

Books of Accounts

Upload your tally data, ledgers, or bank statements to our secure portal.

2

Tax Computation

CA calculates admissible partners' remuneration (Sec 40b) and final taxable profit.

3

Form 3CD (If Audit)

For high turnover cases, CA prepares and uploads the Tax Audit Report.

E-Filing

Return is uploaded and verified using the Digital Signature (DSC) or Aadhaar OTP.

Frequently Asked Questions

Who files ITR-5?

ITR-5 is for Firms, LLPs, Association of Persons (AOP), Body of Individuals (BOI), Artificial Juridical Persons (AJP), and Investment Funds. Individuals or HUFs cannot use this form.

Is Digital Signature (DSC) mandatory for ITR-5?

For LLPs: Yes, absolutely mandatory.
For Partnership Firms: Mandatory only if accounts are liable to be audited (Section 44AB). Otherwise, can file using Aadhaar OTP (EVC).

What is the limit for Partners' Remuneration?

Under Section 40(b), regarding Book Profit:
- On first ₹3 Lakhs: ₹1.5 Lakh or 90% of book profit (whichever is higher).
- On Balance: 60% of book profit.

Optimize Firm's Taxation

Maximize deductions under Section 40(b) with our experts.

File ITR-5 Now