ITR-5 Return Filing
Simplified ITR-5 Filing with OSBS Accounting Solutions Private Limited
ITR-5 is the income tax return form designed for partnership firms, LLPs (Limited Liability Partnerships), firms, associations of persons (AOPs), bodies of individuals (BOIs), and charitable/religious trusts. If your organization is involved in business or profession and is not a company, you will be required to file ITR-5. The form also applies to entities that are eligible for specific exemptions under the Income Tax Act.
At OSBS Accounting Solutions Private Limited, we provide professional ITR-5 filing services, ensuring that your return is accurate, compliant, and submitted on time to avoid penalties.
Who Should File ITR-5?
Partnership Firms and Limited Liability Partnerships (LLPs)
Firms that have business income or profits
Associations of Persons (AOPs) and Bodies of Individuals (BOIs)
Charitable or Religious Trusts
Any other entities engaged in business or profession, excluding companies
Why Choose OSBS for ITR-5 Filing?
Expert Handling of Business Returns: Our team specializes in the filing of ITR-5 for businesses, ensuring all your financial details are accurately reported.
Timely and Accurate Filing: We ensure that your return is filed correctly and before the due date, avoiding penalties.
Comprehensive Filing Services: We help you file returns for partnership firms, LLPs, AOPs, BOIs, and trusts, ensuring compliance with the relevant laws.
Maximized Deductions: We assist you in claiming eligible deductions and exemptions to reduce your tax burden.
Confidential and Secure: We prioritize the security and confidentiality of your financial data.
Documents Required for ITR-5 Filing
PAN Card of the entity
Aadhaar Number (linked to PAN) of the authorized signatory
Partnership Deed or LLP Agreement (if applicable)
Income and Expenditure Statement (Profit & Loss Account)
Balance Sheet of the firm
Bank Account Details for the entity
TDS Certificates (Form 16A, 26AS, etc.)
Details of Exemptions/Deductions under relevant sections
Details of any other income (e.g., rental income, interest income, etc.)
Steps Involved in ITR-5 Filing
Document Collection: Gather necessary documents such as financial statements, bank account details, TDS certificates, and partnership deeds.
Form Completion: Our team accurately fills out the ITR-5 form with all the business and financial details.
Review and Submission: We review the completed form to ensure accuracy and submit it electronically.
E-Verification: After submission, we assist with e-verifying your return via Aadhaar OTP, net banking, or DSC.
Acknowledgement: Once the return is filed, you will receive an ITR-V acknowledgment for your records.
How OSBS Helps with ITR-5 Filing
Accurate Tax Filing for Businesses: We ensure that your business or firm income is accurately reported, minimizing the risk of errors.
Claim Eligible Deductions: We assist you in identifying and claiming deductions and exemptions to reduce your tax liability.
Timely Filing: We ensure your ITR-5 is filed on time, avoiding penalties or interest for late submission.
Comprehensive Filing for All Entities: Whether it's a partnership firm, LLP, or trust, we ensure compliance with tax regulations for all types of business entities.
File Your ITR-5 With Confidence – OSBS Accounting Solutions Makes Filing Easy for Partnerships, LLPs, and Other Business Entities.
Trust OSBS Accounting Solutions Private Limited for a seamless, accurate, and timely ITR-5 filing experience.
