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Income and Tax Calculator - Income Tax Department
The taxpayers have to file returns on the basis of the income earned in a financial year and the kind of entity they fall under. Let’s explore in detail the taxpayers who are required to file Form ITR-5 and other relevant instructions pertaining to the same. The various provisions and sections mentioned in this article are of the Income Tax Act, 1961.
The following are eligible for filing Form ITR-5:
It is pertinent to mention that a person who is required to file return of income under Section 139(4A) or 139(4B) or 139(4D) cannot use Form ITR-5 for filing return.
Form ITR-5 may be filed by the taxpayer either offline or online.
Offline filing of the form may be done by:
Online filing of Form ITR-5 can be done by:
It is necessary that Income Tax Return is filed with utmost precision. For assistance with Income Tax Return filing, contact us.
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