Effortless ITR-5 Return Filing with Vyapar Samadhan

Navigating the intricacies of income tax returns is seamless with Vyapar Samadhan. Our ITR-5 filing service caters specifically to firms, Association of Persons (AOP), and Body of Individuals (BOI) not categorized as companies. Simplify your tax obligations with our user-friendly platform, expert assistance, and competitive pricing.

Who Can File ITR-5 Form?

The ITR-5 Form is designed for the following entities:

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

However, those required to file returns under sections 139(4A), 139(4C), 139(4B), or 139(4D) should not use this form.

Due Date for Filing ITR-5 Form

The due date for filing ITR-5 depends on audit requirements and the need to furnish Form No. 3CEB:

• Audited accounts: 31st October of the assessment year.
• Furnishing Form No. 3CEB: 30th November of the assessment year.
• No audit requirements: 31st July of the assessment year.

Who Cannot File ITR-5 Form?

ITR-5 is not meant for:

• Individual assesses
• Hindu Undivided Family (HUF)
• Companies (Use ITR-6)
• Taxpayers using Form ITR-7 (e.g., charitable trusts)

No Documents Required

There is no need to attach documents with the ITR-5 form.

Structure of ITR-5 Form

The ITR-5 Form comprises several parts and schedules:

• Part A: General Information
  • Essential details about the taxpayer.
• Part A-BS: Balance Sheet
  • Reports the entity's financial position.
• Part A-Manufacturing Account: Details of manufacturing account.
• Part A-Trading Account: Information on the trading account.
• Part A and L: Profit and Loss Account
  • Reports the profit and loss account.
• Part A-OI: Other information
  • Additional financial information.
• Part A-QD: Quantitative details
  • Quantitative details related to income.
• Part B: Calculation of Total Income and Tax Liability
• Schedules: 31 schedules capturing details on income, deductions, and tax obligations.
• Part B – TI: Computation of Total Income
• Part B – TTI: Computation of Tax Liability on Total Income
• Tax Payments: Details of advance tax, self-assessment tax, TDS, and TCS.

Why Choose Vyapar Samadhan for ITR-5 Form Filing?

• Expert Guidance:
  • Our experienced tax professionals provide expert guidance for accurate and compliant filing.
• Deduction Optimization:
  • Optimize deductions to reduce tax liability with assistance from our experts.
• Review and Verification:
  • Rigorous reviews ensure your ITR-5 form is error-free before submission.
• Secure Filing:
  • Your financial data is secure with our latest encryption technology.
• Timely Reminders:
  • Receive timely reminders for crucial tax deadlines to avoid delays.
• Post-Filing Support:
  • Our support team is ready to address any queries during or after the filing process.

Let Vyapar Samadhan simplify your ITR-5 filing, allowing you to focus on your business. Contact us today for expert assistance, ensuring a smooth and compliant filing experience. Trust Vyapar Samadhan for accurate and timely ITR-5 filing, providing peace of mind in tax compliance.