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Income Tax Return Filing ITR-5
For quick and straightforward ITR filing, the Income Tax Department has developed a variety of forms. You should be aware of the form that applies to your income source, and based on the same, you must submit the form before the Income Tax department's deadline for filing returns. One form that works best for a specific group of taxpayers is the ITR 5. Following are some critical points about ITR 5 filing that are explained.
Who is to file ITR 5?
This income tax return is for businesses, limited liability partnerships (LLPs), associations of people (AOPs), bodies of individuals (BOIs), artificial judicial persons (AJPs), estates of the recently deceased and the insolvent, business trusts, and investment funds. The most recent ITR-5 form from the Income Tax Department is available here.
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