ComplyKart Services
ITR-5 filing for firms, LLPs, and associations
A firm is taxed as its own person — separate from its partners. Partner salary, interest on capital, and audit thresholds all need careful handling. We file it so the firm's return and the partners' returns tell one consistent story.
CA/CS-guided review
Your documents and structure are checked before anything is filed.
Written scope first
Inclusions and payable charges are explained before work begins.
Support till it’s done
One team owns your filing, from the first call to the final handover.
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Experience behind every filing
A quick snapshot of the work so far.
Fees
Fees and packages for itr-5 filing
Every requirement is a little different, so we quote after a short discussion — the consultation itself is free.
Custom quote
ITR-5 Filing
Talk to a ComplyKart expert — we’ll understand your requirement and share an exact written quote before you pay anything.
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ITR-5 Filing Package Inclusions
- ITR-5 preparation for firms, LLPs and AOPs
- Financial statements and partner remuneration schedules
- Remuneration and interest deduction computation (40(b))
- E-filing with DSC/e-verification
- Acknowledgement and tax computation handover
Overview
What ITR-5 actually is
ITR-5 is for firms, LLPs, associations of persons, bodies of individuals, and similar entities — not individuals or companies.
The firm is assessed as a separate taxable entity; its profits are taxed at the firm's level.
Partners are taxed separately on remuneration, interest, and profit share — the two returns must be consistent.
Tax audit thresholds apply to firms and LLPs too, and must be checked before filing.
Filing is online, followed by e-verification within the prescribed time.
Benefits
Why firms and LLPs file through us
Open each benefit to see what it means for you.
Aligned with partners' returns
We make sure the return matches the return filed by the partners — mismatched remuneration reporting is a classic notice trigger.
Remuneration and interest handled
Partner salary, interest on capital, and profit share each have different tax treatment. We handle the split.
Tax audit applicability checked
LLPs and firms crossing turnover thresholds need tax audit too. We check and sequence both.
Registration benefits protected
We make sure the return doesn't contradict the registrations that gave you tax benefits.
Documents
Documents you will usually need
Clear, current documents matter more than a long checklist. Names, dates of birth and addresses should match across records.
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From you
We prepare
Process
How we handle your ITR-5
You’ll see each stage, what’s pending and what we need from you — so filings don’t bounce back.
Step 1 of 4
Understand the structure
We map the entity, its partners, and how money moved between them during the year.
Review partner payments
Partner salary, interest on capital, profit allocation — checked against the deed and the law.
Check tax audit applicability
Applicable to firms crossing the threshold, with the report filed before the return.
Compute, file, verify
You approve, we file and e-verify — and confirm partners' individual returns align.
Why ComplyKart
Why ComplyKart for this
You should know who’s doing what. Open a stage to see how the work is shared.
Firm and partner returns under one roof
Firm taxation is bread-and-butter work for us — deeds, remuneration limits, and all.
Tax-efficient structures
We think in terms of the total tax cost — firm plus partners — not just the form in front of us.
Notice-ready documentation
A notice on a firm's return usually questions partner payments. We keep the paperwork ready.
Firm and partner returns under one roof: Firm taxation is bread-and-butter work for us — deeds, remuneration limits, and all.
If a founder or investor is outside India
Foreign ownership is possible in many sectors, but it adds document authentication, banking and FEMA work. Set the route before funds move.
Plan before you start
- Check whether your sector permits automatic-route foreign investment
- Confirm the Indian resident director arrangement
- Map ownership, beneficial ownership and pricing
- Allow time for apostilled or consularised documents
Plan for after setup
- Receive funds through permitted banking channels
- Complete RBI/FEMA reporting and keep the bank evidence
- Coordinate tax and ongoing compliance advice early
FAQ
Frequently asked questions
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Showing 7 of 7 answers
Partnership firms (including LLPs), associations of persons, bodies of individuals, artificial juridical persons, cooperative societies, and local authorities — essentially, non-company entities that aren't individuals or HUFs.
No — a partnership firm is taxed as a separate entity at a flat rate, and partners are taxed on remuneration and interest received. We make sure the two returns don't contradict each other.
Only within the limits in your partnership deed and the statutory caps — excess remuneration is disallowed as a firm expense. We check your deed before computing.
Typically July 31 if no audit is required, typically October 31 if a tax audit applies. We confirm based on your case and manage the sequence.
A firm is generally taxed at a flat rate on its total income, plus applicable surcharge and cess. Share the numbers and we will compute it exactly.
Quote-based, depending on books, audit applicability, and partner count. Request a quote.
LLP partners don't pay personal income tax on the LLP's profits, but the LLP itself files ITR-5. Partner remuneration and interest are taxable in their hands under ITR-3.
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What clients say about working with us
Real stories from businesses we've worked with.
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I found the professionalism of the staff at complykart.com, a pleasure to work with. As a foreigner to India, they took the time to explain the documentation and assisted in every question I raised. I was pleased that complykart.com made it easy for my Business.
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