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Set up a sole ITR-5 Return Filing

  • File your business tax returns and maintain compliance seamlessly through Compliance Gurukul.com. Get a Dedicated Accountant and LEDGERS compliance platform for your business

10K+ ITR-5 Return FilingFirms Registered Since 2020

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Register ITR-5 Return FilingFirm Online through Compliance Gurukul

You can easily complete ITR-5 Return Filingfirm registration online through Compliance Gurukul. For a sole ITR-5 Return Filingregistration, only the PAN & Aadhaar card of the business owner is required. We can help you obtain the following registrations in less than 15 days:

  • ITR-5 Return Filing
  • Zero-Balance Business Current Account with Compliance Gurukul Software

Once, you have registered for the ITR-5 Return Filingfirm registration online on Compliance Gurukul, please follow the steps below and upload the following documents by logging into Compliance Gurukul Software.

  • Step 1: Login to Compliance Gurukul Software using the email address for payment.
  • Step 2: Go to Services Tab & Select ITR-5 Return FilingEngagement
  • Step 3: Upload your PAN & Aadhar Card Copy
  • Step 4: An Compliance Gurukul Registration Expert will file the registration application with GST Department and Bank for Current Account.
  • Step 5: Access to Compliance Gurukul Software is for GST invoicing, GST filing and other services.

ITR-5 Return Filing

The Income Tax Department has introduced various forms for different taxpayers. An assessee should choose the appropriate ITR form as per the source of income. One such Income Tax Return (ITR) is the ITR 5 Form. It is primarily designed for firms, Association of Persons (AOP), and Body of Individuals (BOI) who are not required to file their income tax returns as companies. In other words, it is meant for entities that do not have a corporate structure but still need to report their income and taxes to the Indian Income Tax Department.

Compliance Gurukul is your trusted partner for hassle-free and efficient Income Tax Return (ITR) filing services in India. Our ITR-5 service is designed to cater to the specific needs of firms, the Association of Persons (AOP), and the Body of Individuals (BOI) looking to file their income tax returns seamlessly. With our user-friendly platform, expert assistance, and competitive pricing, ITR 5 income tax filing has always been a challenge.

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Eligibility to file the ITR 5 Form?

The following entities can use the ITR 5 Form:

  • Firm
  • Limited Liability Partnership (LLP)
  • Body of Individuals (BOI)
  • Association of Persons (AOP)
  • Estate of deceased individuals
  • Artificial Juridical Person referred to in section 2(31)(vii)
  • Business trusts and investment funds
  • Estate of insolvent individuals
  • Cooperative society
  • Local authority

Timelines

A sole ITR-5 Return Filing can normally be done in India through Compliance Gurukul in max 2 weeks. However, the timelines for registration will vary from case to case, depending on the government and bank processing timelines.

ITR-5 Return Filing FAQ's

The ITR-5 Form is meant for firms, Limited Liability Partnerships (LLPs), Bodies of Individuals (BOIs), Associations of Persons (AOPs), estates of deceased individuals, artificial juridical persons, business trusts, investment funds, insolvent individuals, estates, cooperative societies, and local authorities. However, individuals falling under specific sections like 139(4A), 139(4C), 139(4B), or 139(4D) should not use this form.

The due date for filing ITR-5 depends on whether the taxpayers accounts need to be audited or whether they must furnish a report in Form No. 3CEB. Its 31st October for audited accounts, 30th November if Form No. 3CEB is required, and 31st July for other cases.

The ITR-5 Form is not suitable for individual assesses, Hindu Undivided Families (HUFs), companies (except those claiming exemption under section 11), and taxpayers falling under Sections 139(4A), 139(4B), 139(4C), 139(4D), 139(4E), or 139(4F), who are required to use Form ITR-7.

The ITR-5 Form comprises several parts and schedules, including sections for general information, balance sheets, manufacturing accounts, trading accounts, profit and loss accounts, quantitative details, computation of total income, tax liability, and schedules for various income sources.

The Income Tax Department recommends the following sequence: Part A, Schedules, Part B, and Verification.

Yes, for certain taxpayers, e-filing of the ITR-5 Form is mandatory as per income tax regulations.

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