Partnership Firm /  LLPs ITR

Who Can File ITR for Partnership Firms and LLPs?

Partnership Firm – ITR-5

A Partnership Firm can file ITR-5 if it is registered or unregistered under the Partnership Act.

Eligible entities for ITR-5 include:

• Partnership Firms
• LLPs (Limited Liability Partnerships)
• Association of Persons (AOP)
• Body of Individuals (BOI)
• Artificial Juridical Persons
• Cooperative Societies
• Local Authorities

LLP (Limited Liability Partnership) – ITR-5

An LLP is required to file ITR-5 regardless of whether it has profit, loss, or no business activity during the financial year.

Who Cannot File ITR-4?

• LLPs are not eligible to file ITR-4 (Sugam).
• Partnership Firms opting for presumptive taxation under Section 44AD may use ITR-4 only if eligible and not classified as LLPs under current tax provisions. Always verify the applicable year's instructions.

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