Who files income tax return Form ITR-5?

ITR-5 is filed by firms, LLPs, AOPs, BOIs, co-operative societies, local authorities and artificial juridical persons to report their income for the year.

Who cannot use ITR-5?

Individuals and HUFs (who use ITR-1 to ITR-4), companies (which file ITR-6) and trusts claiming exemption (which file ITR-7) cannot use ITR-5.

What are the due dates for ITR-5?

For AY 2026-27 the return is due by 31 July 2026 where no audit is required, 31 October 2026 in audit cases, and 30 November where transfer-pricing provisions apply; a belated or revised return can be filed up to 31 December 2026.

Is e-filing of ITR-5 mandatory?

Yes. Firms and LLPs must file ITR-5 electronically and verify it, generally through a digital signature where a tax audit applies.

What if the firm misses the filing deadline?

A belated return can be filed up to 31 December 2026 with a §234F fee and interest under §234A/B/C, but business losses other than unabsorbed depreciation can no longer be carried forward — so the original due date matters.

Income Tax

Partnership / LLP ITR Filing

File income tax returns for partnership firms and LLPs, including firm-level computation.

What's covered

Partnership firms and LLPs file their income tax return on Form ITR-5, which is the return prescribed for firms, LLPs, AOPs, BOIs, co-operative societies, local authorities and artificial juridical persons.
ITR-5 is not for individuals, companies or trusts — individuals use ITR-1 to ITR-4, companies file ITR-6, and trusts file ITR-7; using the wrong form leads to a defective return.
The return captures income under every head — business or profession, house property, capital gains and other sources — so the firm's full income position is reported in one place.
Filing is mandatory for firms and LLPs whether or not there is profit, and meeting the due date protects the firm's right to carry losses forward.

How we work

01
Finalise the firm's accounts
We prepare the profit and loss account and balance sheet, allow partner remuneration and interest within the limits of the deed, and reconcile the figures with Form 26AS and GST records.
02
Compute firm income and determine audit
We compute taxable income on ITR-5 and check whether a tax audit under §44AB is triggered, which decides the applicable due date for AY 2026-27.
03
File ITR-5 by the due date
We e-file the return — 31 July 2026 for non-audit cases, 31 October 2026 where audit applies, 30 November where transfer-pricing applies — with a belated or revised return possible up to 31 December 2026.

Documents required

PAN of the firm or LLP
Partnership deed or LLP agreement
Profit and loss account and balance sheet
Form 26AS and TDS certificates
GST returns, where registered
Tax audit report, where §44AB applies

Applicable laws & forms

Income-tax Act 1961 — assesses the firm or LLP as a distinct person
ITR-5 — return form for firms, LLPs, AOPs, BOIs, co-operative societies, local authorities and artificial juridical persons
§44AB — tax audit where turnover or receipts cross the threshold
§139 — due dates: 31 July 2026 (non-audit), 31 October 2026 (audit), 30 November (transfer pricing), 31 December 2026 (belated or revised)

Frequently asked questions

Related calculators

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Presumptive Tax (44AD / 44ADA)

Government fees

Statutory / government fee (indicative): ₹0

Indicative government fee · last verified 2026-06-07. Our professional charges are shared on consultation.