ITR-5 Filing for AY 2025–26: Complete Guide for LLPs, Partnership Firms & AOPs
Filing income tax returns is a key responsibility for every taxpayer in India. Choosing the right ITR form based on your income type ensures compliance and smooth processing.
The ITR-5 Form is meant for specific entities like Firms, LLPs (Limited Liability Partnerships), AOPs (Association of Persons), and BOIs (Bodies of Individuals). Issued by the Income Tax Department, this form allows these entities to report their income and tax details accurately.
By understanding the ITR-5 filing process, businesses can simplify return filing, avoid penalties, and stay compliant with tax laws.
Make your ITR-5 filing easier with Filingwise’s expert guidance — consult a CA for free
What is ITR-5?
ITR-5 Filing is an Income Tax Return form meant for entities other than individual taxpayers. It’s used by partnership firms, LLPs, AOPs, BOIs, cooperative societies, business trusts, investment funds, and even the estate of a deceased or insolvent person.
Unlike forms meant for individuals (like ITR-1 to ITR-4), ITR-5 gathers more detailed financial information to help the Income Tax Department accurately assess an entity’s total income and tax liability.
Who Can File ITR-5 ?
You should file ITR-5 if you are any of the following:
A Partnership Firm
A Limited Liability Partnership (LLP)
An Association of Persons (AOP)
A Body of Individuals (BOI)
An Artificial Juridical Person (AJP) as per Section 2(31)(vii)
A Local Authority under Section 2(31)(vi)
A Representative Assessee under Section 160(1)(iii) or (iv)
A Co-operative Society or Registered Society under the Societies Registration Act, 1860 (or similar state laws)
An Estate of a Deceased or Insolvent Person
A Business Trust under Section 139(4E)
An Investment Fund under Section 139(4F)
Who Cannot File ITR-5 ?
The following taxpayers cannot use ITR-5 Filing:
How to File Your ITR-5 for AY 2025-26
Filing ITR-5? Here’s a quick step-by-step guide 
- Go to incometax.gov.in
- Login/Register using your PAN
- Select “ITR-5” for AY 2025-26
- Fill details:
- Part A: General info (PAN, address, etc.)
- Schedules: Income, deductions, tax details
- Part B: Auto tax computation
5. Verify return:
With Digital Signature, or
ITR-V form (print, sign & send to CPC Bengaluru)
How to Fill ITR-5 Filing Form (AY 2025-26)
Fill Part A – General Information: PAN, address, business type, audit info
Provide Balance Sheet & Financial Statements: P&L, Trading & Manufacturing Accounts
Include Business/Professional Income: Sections 44AD, 44ADA, 44AE
Report Speculative Business Income and Depreciation Details
Mention Capital Gains: Short-term, long-term, and scrip-wise equity sales under section 112A
Enter Income from House Property & Other Sources
Include Deductions: Sections 80G, 80P, 80-IA to 80-IE, donations, research & development
Compute Alternate Minimum Tax (AMT) and Tax Credits
Provide Foreign Income & Assets and tax relief, if applicable
Report GST Turnover / Gross Receipts
Include Advance Tax, Self-Assessment Tax, TDS & TCS details
Submit ITR-V within 120 days if not using Digital Signature
Protip: Double-check all entries to avoid errors
Verification of ITR-5 Filing Return for Audit
If your accounts require audit under Section 44AB, you must verify your ITR electronically using a Digital Signature Certificate (DSC).
Filing Audit Reports
Taxpayers required to submit audit reports under sections 10AA, 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA(1), 80LA(1A), 92E, 115JB, or 115JC must file these reports electronically on or before the ITR filing due date.
ITR-V Verification (If Not Using Digital Signature)
After submitting ITR-5, print the ITR-V form.
Sign the form.
Send it by ordinary or speed post to:
Processing Centre, Income Tax Department, Bengaluru – 560500, Karnataka.
Effortlessly ITR-5 Filing with Filing Wise
Struggling to file your ITR-5 or keep up with compliance rules? Don’t worry — Filing Wise makes the process simple and stress-free.
Whether you’re a firm, LLP, AOP, or BOI, our experts handle everything — from accurate preparation and documentation to timely submission. We ensure your return fully complies with the Income Tax Department’s guidelines.
With Filing Wise, filing your ITR-5 becomes easy, efficient, and completely hassle-free.
