ITR 5 is meant for LLP, Association of Persons (AOP), firms, Body of Individuals (BOI),Local authority, Cooperative society, Estate of deceased, Artificial Juridical Person (AJP), Business Trust, Estate of Insolvent, and Investment Fund.
Who can file the ITR-5 Form?
This Form can be used by a person being a
- Firm,
- Limited Liability Partnership (LLP),
- Association of Persons (AOP),
- Body of Individuals (BOI),
- Artificial Juridical Person (AJP) referred to in clause (vii) of section 2(31),
- Local authority,
- Representative assessee,
- Cooperative society,
- Society registered under Societies Registration Act, 1860 or under any other law of any State,
- Trust other than trusts eligible to file Form ITR-7,
- Estate of deceased person,
- Estate of an insolvent, business trust referred to in section 139(4E) and investments fund referred to in section 139(4F).
However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4D) shall not use this form.
Answer: Tushant March 3, 2021 
