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Income tax · firm and LLP

ITR-5 is the firm and LLP return

ITR-5 is for a firm, an LLP, or a similar person. It is not the partner’s own return. The office is at 515 Trichy Road, Singanallur.

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Quick answer

This page is ITR-5. A partner’s return stays on the ITR-3 page. A firm other than an LLP that opts for the presumptive scheme stays on the ITR-4 page. Do not send the income-tax password in chat. Call +91 94454 38387.

What the form lists

ITR-5 is for firms, LLPs, and similar persons. This page does not list every person the form covers. Confirm that on the portal. A firm may file ITR-5 when required. Partners still file their own income-tax returns.

An LLP is not ITR-4. Firms and LLPs that are not on ITR-4 stay on this form. Setting up the firm stays on the partnership page. Setting up the LLP stays on the LLP page.

What it is not

A partner in a partnership firm is not this form. That person is listed on ITR-3. The firm itself is not ITR-3.

A company that is not claiming exemption under the trust provisions uses ITR-6. A trust or an institution required to file that form uses ITR-7. Which of those applies stays on the ITR forms page.

Before the return is filed

  1. Send the deed or the LLP agreement, and say whether a presumptive scheme was chosen.
  2. The desk says whether ITR-5 is the form.
  3. You approve the draft. The filing stays on the income-tax filing page.
  4. You complete e-verification yourself. That step is on the e-verification page.

After the return is filed, e-verify within 30 days. The return is quoted before it is filed. The first discussion is free.

Common questions

Does a partner file ITR-5?

No. Partners still file their own income-tax returns. The firm may file ITR-5 when required. A partner in a partnership firm is listed on ITR-3.

Can the firm use ITR-4 instead?

ITR-4 is for a firm other than an LLP that opts for presumptive taxation. An LLP is not that form. Firms and LLPs that are not on ITR-4 stay on ITR-5.

Does the desk file it without me?

No. You approve the draft. You complete e-verification yourself. Do not send the income-tax password.

Related pages

PartnershipThe firm is set up here LLPThe LLP is set up here ITR-3The partner’s return ITR-4A presumptive firm, not an LLP

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