ITR 5 for partnership firm AY 23-24

I have a partnership firm and I never declared income on presumptive basis. This year also we do not want to file our income under presumptive basis. Hence ITR 5 should be applicable for us.

However, while filing the ITR, only option available for us is ITR 4 (presumptive income ITR). ITR 5 is not being shown as an option. Has anyone been able to file ITR 5? Is not showing ITR 5, a technical glitch?

Replies (7)
Quick Summary
This discussion addresses the challenges faced by partnership firms trying to file their Income Tax Return (ITR) Form 5 for AY 23-24, especially when presumptive income filing (ITR 4) is not desired. Users are encountering issues where ITR 5 is not appearing as an option, and those attempting to use the Excel utility are facing 'Invalid hash value' errors, suggesting potential bugs or glitches in the filing system. The conversation also touches upon the eligibility criteria for ITR 5, clarifying it's for firms, LLPs, AOPs, and BOIs, not for proprietary businesses.

Hi, I'll be happy to help you. Please check the details in your inbox once.

ITR 5 is available only in Excel utility.

For Java utility or online filing, wait for its release.

Tried filing in excel utility, but getting below error:

Error : Please correct the below mentioned error(s) in the uploaded json and try again.

"Invalid hash value identified. Modification of ITR outside utility is not allowed"

Can anyone explain this error. Validated all individual sheets, but no error found. 

It is bug in the utility. Wait for its upgradation.

File complaint under Grievances.

Not a bug in the utility

Any idea why this error then. Validation of individual file shows no error.

A Comprehensive Guide to File ITR Form 5

As the tax season approaches, many individuals find themselves grappling with the intricacies of filing income tax returns. For those with complex financial portfolios, especially those engaged in businesses or professions, ITR Form 5 becomes the go-to document. In this comprehensive guide, we'll unravel the process of filing ITR Form 5, explore eligibility criteria, and walk through the essential steps to ensure a seamless filing experience.

What is ITR Form 5:

Eligibility:

ITR Form 5 is primarily designed for individuals and Hindu Undivided Families (HUFs) who fall under the category of "Firms, Association of Persons (AOPs), Body of Individuals (BOIs), and Limited Liability Partnerships (LLPs)."

It is not applicable for individuals or HUFs earning income from a proprietary business or profession.....

To continue reading, click here

To read more blogs like this, visit Swipe Blogs

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details