ITR 5 Form Filing

A taxpayer is supposed to file an income tax return according to the income of the year and the type of corporation. Form ITR 5 filings must be made by associations of individuals, limited liability companies, corporations of individuals, estates of deceased persons, artificial associations, corporate trusts, trustees’ estates, corporate trusts, and mutual funds.

Documents Required For ITR-5 Return Filing

  • Purchase and sales bill (Monthly)
  • Sales return and Purchase return details
  • Paid tax challans for GST
  • Form 26AS
  • Per day Administration expenses
  • Rental agreement
  • Fixed assets invoice
  • Investment details made by cash and through bank
  • Proof of cash in flow and out flow
  • Out. receivables and payables
  • Company’s PAN and DSCs
  • Bank details
  • Bank statement

Structure of the ITR-5 Form

  • Part A-

    1. General Information
    2. Balance sheet
    3. Manufacturing account
    4. Trading account
    5. P&S account
    6. Other Information
    7. Quantitative details

    Schedule – Income from House Property

    Schedule – profit and gains from business or profession

    Schedule – Depreciation on plant and machinery

    Schedule – Computation of depreciation

    Schedule – Summary of depreciation

    Schedule – Computation of deemed capital gains

    Schedule – Deduction under section 35 (expenditure on scientific research)

    Schedule – Computation of income under the head Capital gains

    Schedule – Computation of income under the head Income from other sources

    Schedule – Statement of income after set off of current year’s losses

    Schedule – unabsorbed loss brought forward from earlier years

    Schedule – Statement of losses to be carried forward to future years

    Schedule – Unabsorbed Depreciation

    Schedule – Effect of income computation disclosure standards on profit

    Schedule – Computation of deduction under section 10AA

    Schedule- 80G: Details of donation entitled for deduction under section 80G

    Schedule- 80GGA: Details of donation for scientific research or rural development

    Schedule – Research associations

    Schedule – 80IA: Computation of deduction under section 80IA

    Schedule- 80IB: Computation of deduction under section 80IB

    Schedule- 80IC/ 80-IE: Computation of deduction under section 80IC/ 80-IE.

    Schedule 80P: Deductions under section 80P

    Schedule – deductions under Chapter VIA.

    Schedule – Computation of Alternate Minimum Tax payable under section 115JC

    Schedule – Computation of tax credit under section 115JD

    Schedule – Statement of income which is chargeable to tax at special rates

    Schedule – Information regarding partnership firms

    Schedule – exempt incomes

    Schedule PTI: Pass Through Income details from business trust or investment fund as per section 115UA, 115UB

    Schedule – Secondary adjustment to transfer price as per section 92CE(2A)

    Schedule – Details of Income from outside India and tax relief

    Schedule – Details Summary of tax relief claimed for taxes paid outside India

    Schedule – Details of Foreign Assets and Income from any source outside India

    Schedule – Information regarding turnover/gross receipt reported for GST

    Part B – Computation of total income

    Part B – Tax liability on total income

How do I fill in the identity verification documents?

Please delete those that do not apply. Please make sure the confirmation is signed before submitting your return. Select the title or title of the person signing the declaration.

Any person who makes a false declaration on a tax return or an accompanying return shall be prosecuted under section 277 of the Income Tax Act 1961 and, if convicted, shall be liable to severe imprisonment and fines under that section. shall be imposed.