ITR-5 Return Filing

Professional ITR-5 return filing support for eligible firms, LLPs, AOPs, BOIs, cooperative societies, specified societies, certain trusts, estates and other persons covered by the Income Tax Department's ITR-5 applicability guidance.

What Is ITR-5?

ITR-5 is an income-tax return form prescribed for specified persons other than individuals, HUFs, companies and persons who are required to file ITR-7. For AY 2026-27, the Income Tax Department lists firms, LLPs, AOPs, BOIs and several other specified categories under ITR-5. citeturn0search0turn0search4

ITR-5 is therefore a form-selection and compliance exercise based on the entity's legal status and statutory filing obligation. It is not simply a general return for every organisation.

Who Can File ITR-5 for AY 2026-27?

Complete ITR-5 Applicability List

• Partnership Firm
• Limited Liability Partnership (LLP)
• Association of Persons (AOP)
• Body of Individuals (BOI)
• Artificial Juridical Person referred to in section 2(31)(vii)
• Local Authority referred to in section 2(31)(vi)
• Representative Assessee referred to in section 160(1)(iii) or (iv)
• Co-operative Society
• Society registered under the Societies Registration Act, 1860 or under any other law of a State
• Trust other than a trust eligible to file ITR-7
• Estate of a deceased person
• Estate of an insolvent
• Business Trust referred to in section 139(4E)
• Investment Fund referred to in section 139(4F)

This category list follows the Income Tax Department's current AY 2026-27 guidance. citeturn0search0turn0search12

ITR-5 vs ITR-7 — Critical Form Selection

Form selection should be completed before entering detailed figures. A wrong form can create validation problems or an incorrect filing obligation.

Partnership Firm ITR-5 Filing

For an eligible partnership firm, preparation should begin with the firm's constitution and accounting records. Review the partnership deed, partner details, business activity, books of account, income and expenses, tax credits and applicable schedules.

LLP ITR-5 Filing

LLPs are expressly listed under ITR-5. Filing preparation should cover LLP constitution information, designated partner details, accounting records, income and expenses, applicable tax information and the schedules relevant to the LLP.

AOP / BOI ITR-5 Filing

An Association of Persons or Body of Individuals is treated as a person under section 2(31) of the Income Tax Act, 1961. The Department's AY 2026-27 guidance includes AOPs and BOIs in ITR-5. The entity's constitution, income sources, members and applicable tax provisions should be reviewed before filing. citeturn0search12

Financial Statements & Accounting Data

ITR-5 preparation should be aligned with the entity's final financial information. Depending on the assessee and applicable schedules, review may include:

• Revenue and operating income reconciliation
• Business and administrative expense review
• Depreciation and applicable tax adjustments
• Fixed assets and other asset balances
• Loans, creditors and debtors
• Partners'/members' capital and current accounts where applicable
• Tax provisions and prepaid taxes
• Consistency between financial statements and ITR schedules

AIS & Form 26AS Reconciliation

Before finalising the return, tax credits and reported transactions should be reconciled with the entity's records. The Department's guidance describes Form 26AS and AIS as important information sources. citeturn0search1

Documents Required for ITR-5 Filing

• PAN of the entity / assessee
• Registration and constitution details
• Partnership deed / LLP agreement / formation documents
• Partner, member, trustee or authorised-person details as applicable
• Books of account and trial balance
• Profit & loss account
• Balance sheet / statement of financial position
• Bank statements and transaction summaries
• AIS and Form 26AS
• TDS/TCS certificates and tax-payment records
• Income, investment, asset and liability details
• Applicable audit report and statutory reports, where required
• Previous-year loss, demand or refund details where relevant
• Supporting records for material transactions and tax adjustments

Tax Audit & Other Compliance Review

Where audit or other statutory reporting requirements apply, the return should be prepared consistently with the relevant report and financial statements. Audit applicability depends on the entity's facts and the provisions applicable for the relevant year.

ITR-5 Tax Computation

The final computation should be checked against books, tax payments, TDS/TCS credits, applicable deductions and other relevant schedules before submission.

AY 2026-27 — Current ITR-5 Utility & Portal Status

The Income Tax Department currently lists ITR-5 for AY 2026-27 as available through online and offline filing. The current downloads page lists Common Offline Utility version 1.0.2, latest release 1 September 2026, and Excel-based Utility version 1.4, latest release 1 September 2026. The current ITR-5 schema has a latest release date of 5 August 2026. citeturn0search2turn0search4

ITR-5 Filing Process

Official Income Tax Portal Workflow

The portal workflow can change as the Department updates its filing system. In general, the authorised filer logs in, selects the relevant Assessment Year and return-filing service, selects the taxpayer status and ITR-5, reviews available pre-filled information, completes the applicable schedules, validates and previews the return, submits it and completes the prescribed verification process.

Common ITR-5 Filing Errors to Avoid

GSTBUY ITR-5 Return Filing Support

GSTBUY can assist eligible firms, LLPs and other ITR-5 taxpayers with form review, document organisation, accounting-data reconciliation, tax computation and filing-support workflows.

Frequently Asked Questions