5 Simple Steps to ITR-5 (Partnership ITR)

Upload Basic Documents for ITR Filing

Digital CA will prepare Computation Sheet

Make Income Tax Payment if any

Upload Return & verify Return

Get Acknowledgement

Applicability of ITR-5

This income tax return is meant for

Firms,
LLPs,
AOPs (Association of persons)
Bois (Body of Individuals).

Basic Documents or information

For preparation of Profit & Loss Account

Following details are required for preparation of profit and loss account:

Details of Sale & Purchase for relevant Financial Year;
Details of GSTR-3B for relevant Financial Year, if any;
GST Register for checking of sale & purchase
Details of Expenses as like Rent, Electricity, Salary etc. paid during financial year.
Bank Statement for relevant financial year.

Preparation of Balance Sheet

Following details are required for balance sheet preparation:

Details of Fixed assets with date of purchase, amount etc.
Statement of Loan for relevant financial year;
Details of Unsecured loan taken from relatives or friends during the year;
Details of investment if any
List of sundry creditors with Name, Amount etc.
List of sundry debtors with Name, Amount etc,

5499

Basic

All Inclusive Fees

Person having salary up to 10 Lakh

7799

Silver

All Inclusive Fees

Person having salary up to 20 Lakh

9799

Gold

All Inclusive Fees

Person having salary up to 30 Lakh

Basic Features

Easy Loan Approval

Filing the ITR will help individuals when they have to apply for a vehicle loan, House Loan, etc. Bank will ask for a copy of ITR.

Claim Tax Refund

If you have a refund due from the Income Tax Department, you will have to file an Income Tax Return to claim the refund.

Income & Address Proof

Income Tax Return can be used as proof of your Income and Address.

Carry forward of Losses

If you file the return within due date, you will be able to carry forward losses to subsequent years, which can be used to set off against income of If you file the return within the due date.