Income Tax Return for Partnership Firm, LLP or Cooperative Society -Form ITR-5

Income Tax Return ITR 5 is applicable for Partnership Firm, LLP, AOP, BOI or Cooperative Society.This return is not applicable for Charitable or religious trust for them ITR 7 is to be filed.

  1. Who can use this ITR 5 Form    

    Income Tax Return 5 Form can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31) (vii), cooperative society and local authority.

  2. Who cannot use this form

    A person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) shall not use this form.

  3. Applicable Assessment Year

    This Return Form is relates to Income earned in Financial Year 2011-12 and its applicable for assessment year 2012-13.

  4. Filling out the acknowledgement

    Only one copy of this Return Form is required to be filed. Where the Return Form is furnished in the manner mentioned at 5(i) or at 5(iv), the acknowledgement slip attached with this Return Form should be duly filled.

    1. In case the return is to be furnished in a paper format or electronically under digital signature or in a bar coded return format, please fill up the required information in the Verification. Strike out whatever is not applicable. Please ensure that the verification has been signed before furnishing the return. Write the designation of the person signing the return.
    2. In case the return is to be furnished electronically in the manner mentioned in instruction no. 5(iii), please fill verification form (Form ITR-V)

Please note that any person making a false statement in the return or the accompanying schedules shall be liable to be prosecuted under section 277 of the Income-tax Act, 1961 and on conviction be punishable under that section with rigorous imprisonment and with fine.

Download ITR Form In Excel Format, Download ITR-5

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