If your business is a Limited Liability Partnership, a partnership firm or an AOP / BOI — not a company and not an individual — you file ITR-5. Here is who files it, the due dates, the flat 30% rate, and the two FY 2025-26 changes that catch firms out.
File your LLP / firm ITR-5 with a CAITR-5 is the income tax return for firms, LLPs, AOPs and BOIs — entities that are neither individuals nor companies. Individuals, HUFs and companies do not use it, and a trust claiming exemption files ITR-7 instead.
ITR-5 covers the entities that sit between individuals and companies — partnership structures and pooled bodies of persons.
The most common ITR-5 filer. Every LLP files annually — even a dormant or loss-making year.
A registered or unregistered partnership firm files ITR-5 on the firm’s income.
Groups pooling income — joint ventures, societies and similar bodies — file ITR-5.
Co-operative societies, business trusts, investment funds, AJPs and estates also use ITR-5.
Important: the firm files ITR-5, but each partner reports their own remuneration and profit share in a personal ITR-3. More on that next.
Filing the wrong form gets your return treated as defective. Route to the correct one instead.
The new permanent 31 August deadline applies only to non-audit ITR-3 / ITR-4 filers (individuals and proprietors). A non-audit firm or LLP filing ITR-5 still files by 31 July 2026.
AY 2026-27 (FY 2025-26 income) is filed under the Income-tax Act, 1961; the new Income Tax Act, 2025 governs FY 2026-27 onward. LLPs and audit-case firms must file with a DSC; other firms can e-verify by Aadhaar OTP / EVC.
Firms and LLPs are taxed at a single flat rate on total income. There is no basic exemption and no old-vs-new regime decision to make.
Indicative rates for general guidance, not tax advice. Surcharge, marginal relief and AMT depend on your figures — confirm with a CA before filing.
These are the most-missed items in a firm’s first filing under the new rules — and the most common reason a return gets a disallowance or a notice.
From this year, a firm / LLP must deduct 10% TDS on salary, remuneration, commission, bonus and interest paid to a partner once the year’s total to that partner crosses ₹20,000.
The deductible remuneration limit was raised, so firms can pay working partners more and still claim it as an expense:
Revisit your partnership / LLP deed so remuneration clauses match the new limits.
Beyond ITR-5, every LLP has separate MCA filings with their own deadlines — and the per-day penalty for missing them never caps. We run the full LLP calendar so nothing slips.
See LLP annual compliance →ITR-5, the audit, 194T TDS and your MCA filings — one CA-led team, transparent pricing, and a 7-day turnaround.
Talk to a CA on WhatsAppYMYL note: this page is general information, not tax advice. Your filing depends on your accounts — confirm specifics with a qualified CA.