➢ About the service/Eligibility:
❖ ITR-5 is to filed for Partnership firms or Limited Liability Partnership Firms
➢ Estimated time to complete the work:
❖ 2 Days from the date of receipt of documents.
➢ Required Documents/Information:
❖ Financial Statements for the Previous Year.
❖ Bank Statements of the Firm.
❖ ITR Login Credentials.
➢ What we will deliver:
❖ ITR-5 Form
❖ ITR-5 Acknowledgement.
❖ IT Computation.
Annual Compliance – Partnership Firm FAQ’s
1. Is the balance sheet mandatory for ITR 5 Filing?
The reported figures of the balance sheet should match with the audited balance sheet in case the account was required to be audited. Any other activity that is not being accounted for in the book of accounts need not be included in the balance sheet.
2. What is ITR 5?
ITR 5 Form is for firms LLPs, AOPs, BOIs, AJPs, estates of deceased, the estate of insolvent, business trust, and the investment fund.
3. How to file ITR 5 online?
For the online filing of ITR 5, the assessee needs to print two copies of the ITR V form. One copy of the ITR V should be duly signed by the assessee and has to be sent to Post Bag No.1, Electronic City Office, Bengaluru – 560100 via ordinary post. Another copy should be kept with the assessee himself as a record.
4. Is ITR 5 an annexure less form?
No documents are to attached with the ITR 5 which also includes the TDS certificate. The documents enclosed with this return form will be detached and returned to the person filing the return.
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