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Income Tax Return Filing – ITR-5 for Firms & LLPs

Expert-Guided | Accurate Reporting | 100% Compliant

Need expert assistance with ITR-5 filing in India?
MEQUINTRAX DIGITAL SERVICES PRIVATE LIMITED specializes in Income Tax Return filing for Partnership Firms, LLPs, AOPs, BOIs, and Trusts across India.

What You Get:

Dedicated Tax Accountant
On-Time Filings – Every Time
Detailed Tax Computation
ITR-5 Acknowledgement & Compliance Proof

Our team ensures accurate and timely reporting of all applicable heads of income including Profits and Gains of Business or Profession, Capital Gains, and Other Sources—while maintaining full compliance with the Income Tax Act, 1961.

File ITR-5 with Mequintrax – Reliable tax experts, transparent pricing, and timely delivery you can count on.

ITR-5 Return Filing

Perfect for: File your Income Tax Return smoothly with Mequintrax’s expert ITR-5 filing service — designed for firms, LLPs, AOPs, and BOIs.

Offer Price: ₹5899

Regular Price: ₹7899

You Save: ₹2000 (25.32%)

✅ Professional Accounts Preparation for LLP
✅ LLP Income Tax Return (ITR) Filing with Expert Handling
✅ Dedicated Accountant Support Throughout the Process
✅. ITR Filing Acknowledgement Copy Provided

100% Safe Money

Mequintrax is one of India’s most trusted platforms for business registration and compliance delivering services through secure, transparent, and government-verified processes.

ITR-5 Income Tax Return Filing – Tailored Solutions for Firms & Non-Corporate Entities

The Income Tax Department of India provides different ITR forms based on the taxpayer's classification and source of income. Among them, ITR-5 is exclusively designed for entities such as partnership firms, LLPs, Associations of Persons (AOP), Bodies of Individuals (BOI), and other non-corporate organizations who are not required to file returns under company-specific forms.

These entities, although not structured as companies, are still obligated to declare their income, claim deductions, and fulfil their tax responsibilities annually. ITR-5 serves as the official channel for reporting such financial details to the Income Tax Department in a structured and compliant manner.

At MEQUINTRAX DIGITALSERVICES PRIVATE LIMITED, we offer dedicated ITR-5 return filing services that eliminate the stress and complexity of tax filing. Our team ensures that your financial data is accurately presented, timely submitted, and fully compliant with current tax laws.

Who Can File the ITR-5 Form?

The ITR-5 Form is specifically designed for entities and individuals who do not fall under the “company” category but are still required to report their income to the Income Tax Department of India. It caters to a wide range of taxpayers, including various non-individual and representative entities.

The following categories are eligible to file ITR-5:

Partnership Firms
Limited Liability Partnerships (LLPs)
Association of Persons (AOP)
Body of Individuals (BOI)
Artificial Juridical Persons (as defined under Section 2(31)(vii))
Local Authorities (as defined under Section 2(31)(vi))
Representative Assessees under Section 160(1)(iii) or 160(1)(iv)
Cooperative Societies
Societies registered under the Societies Registration Act, 1860 or under any corresponding law in force in any State
Trusts (other than those required to file ITR-7)
Estate of a Deceased Person
Estate of an Insolvent Person
Business Trusts as per Section 139(4E)
Investment Funds as per Section 139(4F)

Who Cannot File ITR-5?

This form should not be used by taxpayers who are required to file returns under:

Section 139(4A) – Trusts claiming exemption under Section 11
Section 139(4B) – Political parties
Section 139(4D) – Certain institutions like universities, colleges, and research associations

Not sure whether ITR-5 is the right form for you? Get in touch with our tax experts at MEQUINTRAX DIGITALSERVICES PRIVATE LIMITED for personalized assistance.

Due Dates for Filing ITR-5 Form

The due date for filing the ITR-5 form varies based on whether the taxpayer is required to get their accounts audited or submit a transfer pricing report. Here's a clear breakdown of the deadlines:

1. When Audit is Applicable (Under Income Tax Act):

If the entity’s accounts are subject to mandatory audit under the Income Tax Act, the due date for filing ITR-5 is 31st October of the relevant assessment year.

2. When Transfer Pricing Report (Form 3CEB) is Applicable:

In case the taxpayer is required to submit a report in Form No. 3CEB (due to international or specified domestic transactions), the due date for filing ITR-5 extends to 30th November of the assessment year.

3. In All Other Cases (No Audit Required):

For entities not liable for audit under the Income Tax Act, the ITR-5 return must be filed by 31st July of the assessment year.

Missing the deadline may result in late filing fees under Section 234F and potential interest or penalties, so timely compliance is essential.

Structure of the ITR-5 Form

Part A: General Information
- Part A-BS: Balance Sheet as of 31st March 2024
- Part A-Manufacturing Account: For the financial year 2023–24
- Part A-Trading Account: For the financial year 2023–24
- Part A-P&L: Profit and Loss Account for the financial year 2023–24
- Part A-OI: Other Information
- Part A-QD: Quantitative Details
Part B: Computation of Total Income and Tax Liability
Part B-TI: Computation of Total Income
Part B-TTI: Computation of Tax Liability on Total Income

Schedules (40 in Total)

These schedules are designed to capture detailed information on various aspects of income, deductions, and tax computations:

Schedule-HP: Income from House Property
Schedule-BP: Profits and Gains from Business or Profession
Schedule-DPM: Depreciation on Plant and Machinery
Schedule-DOA: Depreciation on Other Assets
Schedule-DEP: Summary of Depreciation
Schedule-DCG: Deemed Capital Gains on Sale of Depreciable Assets
Schedule-ESR: Deduction under Section 35 (Expenditure on Scientific Research)
Schedule-CG: Capital Gains
Schedule-112A: Sale of Equity Shares/Units on which STT is paid under Section 112A
Schedule-VDA: Income from Transfer of Virtual Digital Assets
Schedule-OS: Income from Other Sources
Schedule-CYLA: Set-off of Current Year’s Losses
Schedule-BFLA: Set-off of Brought Forward Losses
Schedule-CFL: Losses to be Carried Forward
Schedule-UD: Unabsorbed Depreciation
Schedule-ICDS: Effect of Income Computation Disclosure Standards on Profit
Schedule-10AA: Deduction under Section 10AA
Schedule-80G: Donations under Section 80G
Schedule-80GGA: Donations for Scientific Research or Rural Development
Schedule-80GGC: Contributions to Political Parties
Schedule-80IAC: Deduction for Eligible Start-ups
Schedule-80LA: Deduction for Offshore Banking Units or IFSC
Schedule-RA: Donations to Research Associations
Schedule-80IA/80IB/80IC/80IE: Business Deductions
Schedule-80P: Deductions for Cooperative Societies
Schedule-VIA: Chapter VIA Deductions
Schedule-AMT: Alternate Minimum Tax under Section 115JC
Schedule-AMTC: Tax Credit under Section 115JD
Schedule-SI: Income Chargeable to Tax at Special Rates
Schedule-IF: Information on Partnership Firms
Schedule-EI: Exempt Income
Schedule-PTI: Pass-Through Income from Business Trusts or Investment Funds
Schedule-TPSA: Secondary Adjustment to Transfer Price
Schedule-115TD: Accreted Income under Section 115TD
Schedule-FSI: Foreign Source Income Details
Schedule-TR: Tax Relief for Taxes Paid Outside India
Schedule-FA: Foreign Assets and Income
Schedule-GST: Turnover/Gross Receipt Reported for GSTTax Payments
Advance Tax and Self-Assessment Tax: Details of payments made
TDS Details: Tax Deducted at Source on income other than salary (Forms 16A, 16B, 16C)
TCS Details: Tax Collected at Source

Filing Sequence Recommended by the Income Tax Department

Part A
Applicable Schedules
Part B
Verification Section

Top 6 Reasons to File Your ITR-5 with a Trusted Tax Filing Expert

Expert Support from Qualified Tax Professionals

Our team of experienced Chartered Accountants and tax consultants specialize in filing ITR-5 for firms, LLPs, AOPs, BOIs, estates, and trusts. MEQUINTRAX ensures accurate reporting of financials, schedules, and deductions while staying fully compliant with the Income Tax Act. We help you avoid errors, penalties, or notices from the Income Tax Department.

Timely Filing to Avoid Penalties

Timely filing is critical to avoid late fees, interest, and compliance issues especially for entities requiring audit or furnishing Form 3CEB. MEQUINTRAX ensures your ITR-5 is filed on or before the due date, whether it’s 31st July, 31st October, or 30th November, depending on your audit requirements.

Transparent and Pocket-Friendly Pricing

We offer straightforward pricing plans with no hidden charges. Our ITR-5 packages are designed specifically for partnership firms, LLPs, and other organizations—making tax compliance affordable and accessible without sacrificing quality.

100% Online, Hassle-Free Filing Experience

MEQUINTRAX provides a secure, digital-first platform to make your ITR-5 filing effortless. Simply upload your documents online, and our tax professionals will handle the preparation and filing while ensuring your data is safe and confidential.

Personalized Tax-Saving Guidance

In addition to ITR-5 filing, we analyze your books and transactions to guide you on applicable deductions, depreciation, carry-forward losses, and other tax-saving provisions. Our goal is to help your organization optimize tax liability within legal limits.

Dedicated Relationship Manager

Every client at MEQUINTRAX is paired with a personal tax advisor who offers consistent support throughout the filing process. From documentation to status updates, you get timely help and expert guidance at every step.