ITR-5 is the income tax return form used by LLPs, partnership firms, AOPs, BOIs, cooperative societies, and several other non-individual entities to report income, deductions, taxes, and compliance details under the Income Tax Act. The form is detailed because it captures business income, GST disclosures, audit information, capital gains, foreign assets, deductions, and tax liability in a structured manner. For AY 2026-27, ITR-5 has become more compliance-focused with additio
