ITR 5

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This discussion clarifies that individuals other than Chartered Accountants can file an ITR-5 form for partnership firms. While a CA is required for tax audits under Section 44AB, the filing of the ITR-5 itself is the responsibility of the assessee or an authorised person. If your business doesn't require a tax audit, a tax consultant can assist with computations and filing.

PANDIAN BRIGHT

PANDIAN BRIGHT (Querist)

30 March 2021 CAN OTHER THAN A CHARTERED ACCOUNTANT FILE ITR -5 FOR PARTNERSHIP FIRM?

CA Gunjan Agarwal

CA Gunjan Agarwal (Expert)

30 March 2021 Yes it can be file by anybody

Ganeshbabu K

Ganeshbabu K (Expert)

30 March 2021 ITR5 need to be filed by assesse or person authorised.

need to get books of accounts audited by CA if conditions 44AB satisfied and need to get tax audit report and details to be filed in income tax return

PANDIAN BRIGHT

PANDIAN BRIGHT (Querist)

30 March 2021 one of my friends told that only C.A can file itr-5. because it should be tax audit file. if a tax consultant file this return means, Notice from I.T department will be received. IS it true?

Ganeshbabu K

Ganeshbabu K (Expert)

30 March 2021 even in case of tax audit auditor only issue tax audit report, filing of ITR is only assesse responsibility.

if your business not required to get books audited by CA, then with tax consultant help you can final your computation and submit incometax return

CA Gunjan Agarwal

CA Gunjan Agarwal (Expert)

30 March 2021 Notice will be receive only if you are liable for tax audit u/s sec 44ab .If not liable for audit then you will not receive notice .Then assesse or authorised person can file return.

PANDIAN BRIGHT

PANDIAN BRIGHT (Querist)

31 March 2021 Thank you every one for valuable reply

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