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Income tax return Form ITR 5

ITR-5 online filing step by step guide

Jun 10, 2022

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ITR-5 Form

As every citizen of India is responsible to file his/her income tax return annually, the Government of India has set 7 different ITR Forms to cater to all types of individuals & businesses. One should be aware of the exact form which one has to file. One of them is ITR-5 Form.

The details, eligibility criteria, and other related aspects related to ITR-5 Form are discussed in this article respectively. 

Eligibility Criteria to file ITR 5 Form

The ITR-5 Form is for Limited Liability Partnership (LLPs), Association of Persons (AOP), Body of Individuals (BOIS), Artificial Juridical Person, Cooperative Society, given the condition that they don’t file returns under the section 139(4A)/ 139(4B)/ 139(4C) or 139(4D). 

Who cannot file ITR 5 Form

Individuals, Hindu Undivided Families (HUF), and Companies don’t fulfill the eligibility criteria under ITR-5 Form.  

ITR-5 Form Filing Mode

ITR-5 Form can be filled in two modes, that is, online & offline. Via offline mode, one can furnish the return in paper or by fetching the bar-code. Along with it, an acknowledgment slip has to be filled while filing offline. 

In the case of online filing, one can carry it out via digital signature or via filling the form electronically. Similar to offline mode, in online mode too acknowledgment/ verification form, that is, Return Form ITR V is submitted. One has to keep two copies of ITR V Forms, as one will be kept safely by the individual, and the other one is submitted to authority.

Major Changes Introduced in the ITR-5 Form in the annual year 2021-22

Some of the major changes introduced in the ITR-5 Form are below:

  1. In the section, details of investment in unlisted equity shares the details such as name, type of company, PAN, the movement of quality & investment throughout the financial year should be given. 
  2. A separate section for Schedule 112A is added which is for long-term capital gains (that one has gained on the sale of equity shares or unit of business trust which are liable to STT)
  3. Details on tax which is on the secondary adjustments to transfer price under section 92CE(2A) are added.
  4. Details of tax deduction claims with respect to investments/payments/expenditures made in the period between 1st April 2020 and 30th June 2020 are incorporated.

Acknowledgment Filing 

After carrying out the formalities, the taxpayer should get two copies of the ITR-V (where V stands for verification) form. Wherein one copy will be for taxpayers and the other will be held to maintain the official record.

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Overview of ITR-5 Form

ITR-5 Form is divided into two parts, that are, Part A and Part B. Wherein Part A talks about general information and part B is about TI computation of total income.

Apart from these, the form also consists of many Schedules, such as Schedule S, Schedule HP, Schedule BP, Schedule DPM, Schedule DOA, Schedule DEP, Schedule DCG, Schedule ESR, Schedule CG, Schedule 112A, Schedule 115AD(1)(b)(iii) proviso, Schedule OS, Schedule CYLA, Schedule BFLA, Schedule CFL, Schedule UD, Schedule ICDS, Schedule 10AA, Schedule 80G, Schedule RA, Schedule 80-IA, Schedule 80-IB, Schedule 80-IC or 80-IE, Schedule VI-A, Schedule AMT, Schedule AMTC, Schedule SPI, Schedule SI, Schedule IF, Schedule EI, Schedule PTI, Schedule-TPSA, Schedule FSI, Schedule TR, Schedule FA, Schedule 5A, Schedule AL, and Schedule GST.

The information contained in Part A of the ITR-5 Form is as below-      

Personal Information

  • Name
  • PAN
  • Is there any change in the name? If yes, please furnish the old name
  • Limited Liability Partnership Identification Number (LLPIN) issued by MCA, if applicable
  • Flat/Door/Block No
  • Name of Premises/Building/Village
  • Date of formation (DD/MM/YYYY)
  • Date of commencement of business (DD/MM/YYYY)
  • Road/Street/Post Office
  • Area/Locality
  • Status (firm-1sub-status- Partnership Firm, LLP, local authority-2, AOP/BOI- 3 sub-status- another cooperative bank, other cooperative society, a society registered under society registration Act, 1860 or any other Law corresponding to that state, Primary agricultural credit society/cooperative bank, Rural development bank, Business trust, investment fund, Trust other than trust eligible to file Return in ITR 7, any other AOP/BOI, artificial juridical person-4, sub-status- Estate of the deceased, Estate of the insolvent, Other AJP)
  • Town/City/District
  • State
  • Country
  • Pin code/Zipcode
  • Office Phone Number with STD code/ Mobile No. 1
  • Mobile No. 2
  • Email Address -1
  • Email Address -2
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    Filing Status

    The information contained in ITR-5 Form is as below

    • (a) Filed u/s (Tick)
      • 139(1)-On or before the due date
      • 139(4)-After the due date
      • 139(5)-Revised Return
      • 92CD-Modified return
      • 119(2)(b)- After Condonation of delay
    • Or Filed in response to notice u/s
      • 139(9)
      • 142(1)
      • 148
      • 153A
      • 153C
    • Whether you are a business trust? Yes or No
    • Whether you are an investment fund referred to in section 115UB? Yes or No
    • (b) If revised/in response to notice for Modified, then enter Receipt No. and Date of filing the original return (DD/MM/YYYY)
    • (c) If filed in response to a notice u/s 139(9)/142(1)/148/153A/153C/ or order u/s 119(2)(b) enter Unique Number/ Document Identification Number (DIN) and date of such notice/order, or if filed u/s 92CD enter date of advance pricing agreement
    • (d) Are you opting for a new tax regime u/s 115BAD?
      • (di) If d) is Yes, Please furnish
    • (e) Residential Status
      • Resident
      • Non-Resident
    • (f) Whether the assessee is located in an International Financial Services Centre and derives income solely in convertible foreign exchange?
    • (g) Whether you are recognized as a startup by DPIIT
    • (h) If yes, please provide the start-up recognition number allotted by the DPIIT
    • (i) Whether a certificate from the inter-ministerial board for certification been received?
    • (j) If yes, please provide the certification number
    • (k) In the case of non-residents, is there a permanent establishment (PE) in India
    • (l) Whether you are an FII / FPI? Yes/No If yes, please provide SEBI Regn. No.
    • (m) Whether this return is being filed by a representative assessee? (Yes or No) If yes, please furnish the following information –
      • Name of the representative
      • The capacity of the Representative (drop down to be provided)
      • Address of the representative
      • Permanent Account Number (PAN)/Aadhaar No. of the representative
    • (n) Whether you are a Partner in a firm?
    • (o) Whether you have held unlisted equity shares at any time during the previous year? If yes, please furnish the following information in respect of equity shares

    Audit Information

    The information contained in ITR-5 Form is as below

    • a. Whether liable to maintain accounts as per section 44AA?
    • a2. Whether the assessee is declaring income only under section 44AD/44ADA/44AE/44B/44BB/44BBA
      • a2 i. If No, whether during the year Total sales/turnover/gross receipts of business exceeds Rs.1 crore but does not exceed Rs.5 crores?
      • a2 ii. If Yes is selected at a2i, whether the aggregate of all amounts received including the amount received for sales, turnover, or gross receipts, or on capital account such as capital contribution, loans, etc. during the previous year, in cash, does not exceed five percent of the said amount?
      • a2 iii If Yes is selected at a2i, whether the aggregate of all payments made including amount incurred for expenditure or on capital account such as asset acquisition, repayment of loans, etc. during the previous year, in cash, does not exceed five percent of the said payment?
    • b. Whether liable for audit under section 44AB?
    • c. If
    • (b) is it Yes, whether the accounts have been audited by an accountant? (Tick) Yes No If Yes, furnish the following information-
      • (i) Date of furnishing of the audit report (DD/MM/YYYY)
      • (ii) Name of the auditor signing the tax audit report
      • (iii) Membership no. of the auditor
      • (iv) Name of the auditor (proprietorship/ firm)
      • (v) Proprietorship/firm registration number
      • (vi) Permanent Account Number (PAN)/Aadhaar No. of the auditor (proprietorship/ firm)
      • (vii) Date of audit report
    • di. Are you liable for Audit u/s 92E?
    • dii. If liable to furnish other audit reports under the Income-tax Act, mention the date of furnishing of the audit report?
    • diii If liable to furnish another audit report under the Income-tax Act, mention whether have you furnished such reports. If yes, please provide the details as under) (Please see Instructions )
    • e If liable to audit under any Act other than the Income-tax Act, mention the Act, section, and date of furnishing the audit report?

    Partners/ Members/trust

    The information contained in ITR-5 Form is as below

    • A. Whether there was any change during the previous year in the partners/members of the firm/AOP/BOI (In case of societies and cooperative banks give details of Managing Committee)
    • B. Is any member of the AOP/BOI/executor of AJP a foreign company?
    • C. If Yes, mention the percentage of share of the foreign company in the AOP/BOI/ executor of AJP
    • D. Whether the total income of any member of the AOP/BOI/executor of AJP (excluding his share from such association or body or executor of AJP) exceeds the maximum amount which is not chargeable to tax in the case of that member?
    • E. Particulars of persons who were partners/ members in the firm/AOP/BOI or settlor/trustee/beneficiary in the trust or executors in the case of the estate of deceased / estate of insolvent as on the 31st day of March 2020 or date of dissolution
    • F. To be filled in case of persons referred to in section 160(1)(iii) or (iv)
    • G.Nature of business or profession, if more than one business or profession indicate the three main activities/ products (Other than those declaring income under sections 44AD, 44ADA, and 44AE

    A. Sources of Funds

    The information contained in ITR-5 Form is as below

    • 1 Partners’ / members’ fund
    • 2 Loan funds
    • 3 Deferred tax liability
    • 4 Advances
    • 5 Sources of funds (1c + 2c +3 + 4iii )

    B. Application of funds

    1 Fixed assets
    2 Investments
    3 Current assets, loans, and advances
    4
    a Miscellaneous expenditure not written off or adjusted
    b Deferred tax asset
    c Debit balance in Profit and loss account/ accumulated balance
    d Total (4a + 4b + 4c)
    5 Total, application of funds (1e + 2c + 3e +4d)

    No Account Case

    C. In a case where regular books of account of business or profession are not maintained, furnish the following information as of 31st day of March 2020, in respect of business or profession:

    • Amount of total sundry debtors
    • Amount of total sundry creditors
    • Amount of total stock-in-trade
    • Amount of the cash balance

    Part A Manufacturing Account: Manufacturing Account for the Financial Year 2020-21 (fill items 1 to 3 in a case where regular books of accounts
    are maintained, otherwise fill items 62 to 66 as applicable)

    • 1 Debit to Manufacturing Account
    • 2 Closing Stock
    • 3 Cost of Goods Produced – Transferred to Trading Account (1f-2)

    Part A-trading Account: Trading Account for the Financial Year 2020-21 (fill items 4 to 12 in a case where regular books of accounts are maintained, otherwise fill items 62 to 66 as applicable)

    • 4 Revenue From Operations
    • 5 Closing Stock of Finished Stocks
    • 6 Total of Credits to Trading Account (4d + 5iv )
    • 7 Opening Stock of Finished Goods 7
    • 8 Purchases (Net of Refunds and Duty or Tax, if Any) 8
    • 9 Direct Expenses (9i + 9ii + 9iii)
    • 10 Duties and Taxes, Paid or Payable, in Respect of Goods and Services, Purchased
    • 11 Cost of Goods Produced – Transferred From Manufacturing Account
    • 12 Gross Profit From Business/profession – Transferred to Profit and Loss Account (6-7-8-9-10xii11)

    Part A-P& L: Profit and Loss Account for the Financial Year 2020-21 (fill items 13 to 60 in a case where regular books of accounts are maintained, otherwise fill items 62 to 66 as applicable)

    • 13 Gross Profit Transferred From Trading Account
    • 14 Other Income
    • 15 Total of Credits to Profit and Loss Account (13+14xii)
    • 16 Freight Outward
    • 17 Consumption of Stores and Spare Parts
    • 18 Power and Fuel
    • 19 Rents
    • 20 Repairs to Building
    • 21 Repairs to Machinery
    • 22 Compensation to Employees
    • 23 Insurance
    • 24 Workmen and Staff Welfare Expenses
    • 25 Entertainment
    • 26 Hospitality
    • 27 Conference
    • 28 Sales Promotion Including Publicity (Other Than Advertisement)
    • 29 Advertisement
    • 30 Commission
    • 31 Royalty
    • 32 Professional / Consultancy Fees / Fee for Technical Services
    • 33 Hotel, Boarding, and Lodging
    • 34 Travelling Expenses Other Than on Foreign Travelling
    • 35 Foreign Travelling Expenses
    • 36 Conveyance Expenses
    • 37 Telephone Expenses
    • 38 Guest House Expenses
    • 39 Club Expenses
    • 40 Festival Celebration Expenses
    • 41 Scholarship
    • 42 Gift
    • 43 Donation
    • 44 Rates and Taxes, Paid or Payable to Government or Any Local Body (Excluding Taxes on Income)
    • 45 Audit Fee
    • 46 Salary/remuneration Paid to Partners of the Firm
    • 47 Other Expenses
    • 48 Bad Debts
    • 49 Provision for Bad and Doubtful Debts
    • 50 Other Provisions
    • 51 Profit Before Interest, Depreciation and Taxes [15 – (16 to 21 + 22xi + 23v + 24 to 29 + 30iii + 31iii + 32iii + 33 to 43 + 44x + 45 + 46 + 47iii + 48vii + 49 + 50)]
    • 52 Interest
    • 53 Depreciation and Amortisation
    • 54 Net Profit Before Taxes (51 – 52iii – 53)
    • 55 Provision for Current Tax
    • 56 Provision for Deferred Tax and Deferred Liability
    • 57 Profit After Tax (54 – 55 – 56)
    • 58 Balance Brought Forward From Previous Year
    • 59 Amount Available for Appropriation (57 + 58)
    • 60 Transferred to Reserves and Surplus
    • 61 Balance Carried to Balance Sheet in Proprietor’s Account (59 – 60)
    • 62 Computation of Presumptive Business Income Under Section 44ad (Only for Resident Partnership Firm Other Than Llp)
    • 63 Computation of Presumptive Income From Professions Under Section 44ada (Only for Resident Partnership Firm Other Than Llp)
    • 64 Computation of Presumptive Income From Goods Carriages Under Section 44ae
    • 65 if Regular Books of Account of Business or Profession Are Not Maintained
    • 66 I Turnover From Speculative Activity
    • Ii Gross Profit
    • Iii Expenditure, if Any
    • Iv Net Income From Speculative Activity (66ii – 66iii )

    Part A-OI Other Information

    • 1 Method of accounting employed in the previous year Tick? Mercantile or Cash
    • 2 Is there any change in the method of accounting
    • 3a Increase in the profit or decrease in loss because of deviation, if any, as per Income Computation Disclosure Standards notified under section 145(2) [column 11a(iii) of Schedule ICDS]
    • 3b Decrease in the profit or increase in loss because of deviation, if any, as per Income Computation Disclosure Standards notified under section 145(2) [column 11b(iii) of Schedule ICDS]
    • 4 Method of valuation of closing stock employed in the previous year
    • 5 Amounts not credited to the profit and loss account, being
    • 6 Amounts debited to the profit and loss account, to the extent disallowable under section 36 due to non-fulfillment of the condition specified in relevant clauses
    • 7 Amounts debited to the profit and loss account, to the extent disallowable under section 37
    • 8 A. Amounts debited to the profit and loss account, to the extent dis-allowable under section 40
    • B. Any amount disallowed under section 40 in any preceding previous year but allowable during the previous year
    • 9 Amounts debited to the profit and loss account, to the extent dis-allowable under section 40A
    • 10 Any amount disallowed under section 43B in any preceding previous year but allowable during the previous year
    • 11 Any amount debited to profit and loss account of the previous year but dis-allowable under section 43B
    • 12 Amount of credit outstanding in the accounts in respect of
    • 13 Amounts deemed to be profits and gains under section 33AB or 33ABA or 33AC
    • 14 Any amount of profit chargeable to tax under section 41
    • 15 Amount of income or expenditure of prior period credited or debited to the profit and loss account (net)
    • 16 Amount of expenditure disallowed u/s
    • 17 Whether the assessee is exercising option under subsection 2A of section 92CE Tick) Yes or No [If yes, please fill schedule TPSA]

    Part A-QD Quantitative Details

    • (a) In the case of a trading concern
    • (b) In the case of a manufacturing concern
    • 6 Raw materials
    • 7 Finished products/ By-products

    Schedule HP: Details of Income from House Property

    • 1 Address of property 1
    • 2 Address of property 2
    • 3 Pass-through income if any
    • 4 Income under the head “Income from house property” (1k + 2k + 3)

    Note:

    • Furnishing of PAN/Aadhaar No. of tenant is mandatory if tax is deducted under section 194-IB.
    • Furnishing of TAN of tenant is mandatory if tax is deducted under section 194-I.
    • A From business or profession other than speculative business and specified business
    • B Computation of income from speculative business
    • C Computation of income from specified business under section 35AD
    • D Income chargeable under the head ‘Profits and gains from business or profession’ (A38+B43+C49)
    • E Computation of income from life insurance business referred to in section 115B

    Schedule DPM

    The information contained in ITR-5 Form is as below

    • 1 Block of assets Plant and machinery
    • 2 Rate (%) 15, 30, 40, 45
    • 3 Written down value on the first day of the previous year
      • 3a Amount as adjusted on account of opting for taxation under section 115BAD
      • 3b Adjusted Written down value on the first day of the previous year (3) + (3a)
    • 4 Additions for a period of 180 days or more in the previous year
    • 5 Consideration or other realization during the previous year out of 3 or 4 6 Amount on which depreciation at full rate to be allowed (3b + 4 – 5) (enter 0, if the result is negative)
    • 7 Additions for a period of fewer than 180 days in the previous year
    • 8 Consideration or other realizations during the year out of 7
    • 9 Amount on which depreciation at a half rate to be allowed (7 – 8) (enter 0, if the result in negative)
    • 10 Depreciation on 6 at full rate
    • 11 Depreciation on 9 at half rate
    • 12 Additional depreciation, if any, on 4
    • 13 Additional depreciation, if any, on 7
    • 14 Additional depreciation relating to immediately preceding year’ on asset put to use for less than 180 days
    • 15 Total depreciation* (10+11+12+13+14)
    • 16 Depreciation disallowed under section 38(2) of the I.T. Act (out of column 15)
    • 17 Net aggregate depreciation (15-16)
    • 18 Proportionate aggregate depreciation allowable in the event of succession, amalgamation, demerger, etc. (out of column 17)
    • 19 Expenditure incurred in connection with the transfer of assets/ assets
    • 20 Capital gains/ loss under section 50* (5 + 8 – 3 – 4 -7 – 19) (enter negative only if block ceases to exist)
    • 21 Written down value on the last day of the previous year* (6+ 9 -15)
    Online ITR

    Schedule DOA

    The information contained in ITR-5 Form is as below

    • 1 Block of assets
    • 2 Rate (%)
    • 3 Written down value on the first day of the previous year
    • 4 Additions for a period of 180 days or more in the previous year
    • 5 Consideration or other realization during the previous year out of 3 or 4 6 Amount on which depreciation at full rate to be allowed (3 + 4 -5) (enter 0, if the result is negative)
    • 7 Additions for a period of fewer than 180 days in the previous year
    • 8 Consideration or other realizations during the year out of 7
    • 9 Amount on which depreciation at a half rate to be allowed (7-8) (enter 0, if the result is negative)
    • 10 Depreciation on 6 at full rate
    • 11 Depreciation on 9 at half rate
    • 12 Total depreciation* (10+11)
    • 13 Depreciation disallowed under section 38(2) of the I.T. Act (out of column 12)
    • 14 Net aggregate depreciation (12-13)
    • 15 Proportionate aggregate depreciation allowable in the event of succession, amalgamation, demerger, etc. (out of column 14)
    • 16 Expenditure incurred in connection with the transfer of assets/ assets
    • 17 Capital gains/ loss under section 50 (5 + 8 -3-4 -7 -16) (enter negative only if block ceases to exist)
    • 18 Written down value on the last day of the previous year* (6+ 9 -12)

    Schedule DEP

    Summary of depreciation on assets (Other than assets on which full capital expenditure is allowable as a deduction under ITR-5 Form from any other section

    • 1 Plant and machinery
    • 2 Building (not including land)
    • Furniture and fittings
    • 4 Intangible assets
    • 5 Ships (Schedule DOA- 12vii)
    • 6 Total depreciation ( 1d+2d+3+4+5)

    Schedule DCG

    The information contained in ITR-5 Form is as below

    • 1 Plant and machinery
    • 2 Building (not including land)
    • 3 Furniture and fittings
    • 4 Intangible assets
    • 5 Ships (Schedule DOA- 12vii)
    • 6 Total depreciation ( 1d+2d+3+4+5)

    Schedule ESR

    The information contained in ITR-5 Form is as below

    • Expenditure of the nature referred to in section (1)
    • Amount, if any, debited to profit and loss account (2)
    • Amount of deduction allowable (3)
    • Amount of deduction in excess of the amount debited to profit and loss account (4) = (3) – (2)

    Schedule CG

    The information contained in ITR-5 Form is as below

    • A. Short-term Capital Gains (STCG)
    • B. Long-term capital gain (LTCG)
    • C. Income chargeable under the head “CAPITAL GAINS” (A9 + B13)
    • D. Information about deduction claimed against Capital Gains
    • E. Set-off of current year capital losses with current year capital gains
    • F. Information about accrual/receipt of capital gain

    Schedule 112A

    The information contained in ITR-5 Form is as below

    • S.No
    • ISI N Code
    • Name of the Share/ Unit
    • Name of the Share/ Unit
    • Sales Price Per Share/ Unit
    • Full Value Consideration (Total Sale Value )(4*5)
    • Cost of acquisition without indexation (higher of 8 or 9)
    • Cost of acquisition
    • If the long term capital asset was acquired before 01.02.2018, -Lower of 6 & 11
    • Fair Market Value per share/unit as of 31st January 2018
    • Total Fair Market Value of the capital asset as per section 55(2)(ac)-(4*10)
    • Expenditure wholly and exclusively in connection with the transfer
    • Total deductions (7++12)
    • Balance (6-13) Item 5 of LTCG Schedule of ITR5

    115AD

    The information contained in ITR-5 Form is as below

    • S.No
    • ISIN Code
    • Name of the Share/ Unit
    • Name of the Share/ Unit
    • Sales Price Per Share/ Unit
    • Full Value Consideration (Total Sale Value )(4*5)
    • Cost of acquisition without indexation (higher of 8 or 9)
    • Cost of acquisition
    • If the long term capital asset was acquired before 01.02.2018, -Lower of 6 & 11
    • Fair Market Value per share/unit as of 31st January 2018
    • Total Fair Market Value of the capital asset as per section 55(2)(ac)-(4*10)
    • Expenditure wholly and exclusively in connection with the transfer
    • Total deductions (7++12)
    • Balance (6-13) Item 5 of LTCG Schedule of ITR5

    Schedule CYLA

    The information contained in ITR-5 Form is as below

    • Head/ Source of Income
    • Income of current year (Fill this column only if income is zero or positive)
    • House property loss of the current year set off
    • Business Loss (other than speculation or specified business loss) of the current year set off
    • Other sources of loss (other than the loss from racehorses and amount chargeable to the special rate of tax) of the current year set off
    • Current year’s Income remaining after setting off

    Schedule BFLA

    • Head/ Source of Income
    • Income after set off, if any, of current year’s losses as per 5 of Schedule CYLA)
    • Brought forward loss set off
    • Brought forward depreciation set off
    • Brought forward allowance under section 35(4) set off
    • Current year’s income remaining after setting off

    Schedule CFL

    • Assessment Year
    • Date of Filing (DD/MM/ YYYY)
    • House property loss
    • Loss from a business other than the loss from speculative business and specified business
    • Loss from speculative business
    • Loss from specified business
    • Loss from life insurance business u/s 115B
    • Short-term capital loss
    • Long-term Capital loss
    • Loss from owning and maintaining racehorses

    Schedule UD

    • Assessment Year
    • Depreciation
    • Allowance under section 35(4)

    Schedule ICDS

    • I Accounting Policies
    • II Valuation of Inventories (other than the effect of change in method of valuation u/s 145A, if the same is separately reported at col. 4d or 4e of Part A-OI)
    • III Construction Contracts
    • IV Revenue Recognition
    • V Tangible Fixed Assets
    • VI Changes in Foreign Exchange Rates
    • VII Government Grants
    • VIII Securities (other than the effect of change in method of valuation u/s 145A, if the same is separately reported at col. 4d or 4e of Part A-OI)
    • IX Borrowing Costs
    • X Provisions, Contingent Liabilities, and Contingent Assets
    • 11a. Total effect of ICDS adjustments on profit (I+II+III+IV+V+VI+VII+VIII+IX+X) (if positive)
    • 11b. Total effect of ICDS adjustments on profit (I+II+III+IV+V+VI+VII+VIII+IX+X)

    Schedule 10AA

    • SI
    • Undertaking
    • Assessment year in which unit begins to manufacture/produce/provide services
    • Amount of deduction
    online filing of income tax return form ITR5

    Schedule of Deductions

    • A Donations entitled to 100% deduction without qualifying limit
    • B Donations entitled to 50% deduction without a qualifying limit
    • C Donations are entitled to 100% deduction subject to qualifying limit
    • D Donations are entitled to a 50% deduction subject to the qualifying limit
    • E Total donations (Aiii + Biii + Ciii + Diii)

    80GGA

    • The relevant clause under which deduction is claimed
    • Name and address of the donee
    • PAN of Donee
    • Amount of donation
    • Eligible Amount of donation

    Schedule RA

    • Name and address of the donee
    • PAN of Donee
    • Amount of donation
    • Eligible Amount of donation

    Schedule 80-IA

    • a Deduction in respect of profits of an enterprise referred to in section 80-IA(4)(i)
    • b Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(ii)
    • c Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(iii)
    • d Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(iv)
    • e Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(v) [Revival of power generating plant] and deduction in respect of profits of an undertaking referred to in section 80- IA(4)(vi)
    • f Total deductions under section 80-IA (a1 + a2 + b1 + b2 + c1 + c2+ d1 + d2 + e1 + e2)

    Schedule 80-IB

    • a Deduction in respect of industrial undertaking located in Jammu & Kashmir [Section 80-IB(4)]
    • b Deduction in respect of industrial undertaking located in industrially backward states specified in Eighth Schedule [Section 80-IB(4)]
    • c Deduction in respect of industrial undertaking located in industrially backward districts [Section 80-IB(5)]
    • d Deduction in the case of multiplex theatre [Section 80- IB(7A)]
    • e Deduction in the case of convention center [Section 80- IB(7B)]
    • f Deduction in the case of an undertaking which begins commercial production or refining of mineral oil [Section 80-IB(9)]
    • g Deduction in the case of an undertaking developing and building housing projects [Section 80-IB(10)]
    • h Deduction in the case of an undertaking operating a cold chain facility [Section 80-IB(11)]
    • i Deduction in the case of an undertaking engaged in processing, preservation, and packaging of fruits, vegetables, meat, meat products, poultry, marine or dairy products [Section 80-IB(11A)]
    • j Deduction in the case of an undertaking engaged in the integrated business of handling, storage, and transportation of food grains [Section 80-IB(11A)]
    • k Deduction in the case of an undertaking engaged in
    • operating and maintaining a rural hospital [Section 80-
    • IB(11B)]
    • l Deduction in the case of an undertaking engaged in operating and maintaining a hospital in any area, other than excluded area [Section 80-IB(11C)
    • m Total deduction under section 80-IB (Total of a1 to l2)

    Schedule 80-IC or 80-IE

    • a Deduction in respect of undertaking located in Sikkim
    • b Deduction in respect of undertaking located in Himachal Pradesh
    • c Deduction in respect of undertaking located in Uttaranchal
    • d Deduction in respect of undertaking located in North-East
    • e Total deduction under section 80-IC or 80-IE (a + d + c + dh)

    Schedule 80P

    •  Sec.80P(2)(a)(i) Banking/Credit Facilities to its members
    • 2 Sec.80P(2)(a)(ii) Cottage Industry
    • 3 Sec.80P(2)(a)(iii) Marketing of Agricultural produce grown by its members
    • 4 Sec.80P(2)(a)(iv) Purchase of Agricultural Implements, seeds, livestock, or other articles intended for agriculture for the purpose of supplying to its members.
    • 5 Sec.80P(2)(a)(v) Processing, without the aid of power, of the agricultural produce of its members.
    • 6 Sec.80P(2)(a)(vi) Collective disposal of Labour of its members
    • 7 Sec.80P(2)(a)(vii) Fishing or allied activities for the purpose of supplying to its members.
    • 8 Sec.80P(2)(b)Primary cooperative society engaged in supplying Milk, oilseeds, fruits or vegetables raised or grown by its members to Federal cooperative society engaged in supplying Milk, oilseeds, fruits or vegetables/Government or local authority/Government
    • Company/corporation established by or under a Central, State, or Provincial Act
    • 9 Sec.80P(2)(c)(i)Consumer Cooperative Society Other than specified in 80P(2a) or 80P(2b)
    • 10 Sec.80P(2)(c)(ii)Other Cooperative Society engaged in activities Other than specified in
    • 80P(2a) or 80P(2b)
    • 11 Sec.80P(2)(d)Interest/Dividend from Investment in other co-operative society
    • 12 Sec.80P(2)(e)Income from Letting of godowns/warehouses for storage, processing
    • facilitating the marketing of commodities
    • 13 Sec.80P(2)(f)Others
    • 14 Total

    Schedule VI-A

    • 1 Part B- Deduction in respect of certain payments
    • 2 Part C- Deduction in respect of certain incomes
    • 3 Total deductions under Chapter VI-A (1 + 2)

    Schedule AMT

    • 1 Total Income as per item 13 of PART-B-TI
    • 2 Adjustment as per section 115JC(2)
    • 3 Adjusted Total Income under section 115JC(1) (1+2d)
    • 4 Tax payable under section 115JC(1)

    Schedule AMTC

    • 1 Tax under section 115JC in the assessment year 2020-21 (1d of Part-B-TTI)
    • 2 Tax under other provisions of the Act in the assessment year 2020-21 (2g of Part-B-TTI)
    • 3 Amount of tax against which credit is available [enter (2 – 1) if 2 is greater than 1, otherwise enter 0]
    • 4 Utilisation of AMT credit Available
    • 5 Amount of tax credit under section 115JD utilized during the year [total of item No. 4 (C)
    • 6 Amount of AMT liability available for credit in subsequent assessment years [total of 4 (D)]

    Schedule SI

    • 1 111A (STCG on shares/equity oriented MF on which STT paid)
    • 2 115AD (STCG for FIIs on securities where STT is not paid)
    • 3 112 provisoes (LTCG on listed securities/ units without indexation)
    • 4 112(1)(c)(iii) (LTCG for non-resident on unlisted securities)
    • 5 115AB (LTCG for non-resident on units referred in section115AB)
    • 6 115AC (LTCG for non-resident on bonds/GDR)
    • 7 115AD (LTCG for FII on securities)
    • 8 112 (LTCG on others)
    • 9 112A (LTCG on sale of shares or units on which STT is paid)
    • 10 STCG chargeable at special rates in India as per DTAA
    • 11 LTCG Chargeable at special rates in India as per DTAA
    • 12 115B (Profits and gains of life insurance business)
    • 13 115AC (Income of a non-resident from bonds or GDR purchased in foreign currency)
    • 14 115BB (Winnings from lotteries, puzzles, races, games, etc.)
    • 15 115BBDA (Dividend income from domestic company exceeding Rs.10 lakh
    • 16 115BBE (Income under section 68, 69, 69A, 69B, 69C or 69D)
    • 17 115BBF (Tax on income from the patent)
    • 18 115BBG (Tax on income from transfer of carbon credits)
    • 19 115A(1)(b) (Income of a non-resident from Royalty)
    • 20 Income from other sources chargeable at special rates in India as per DTAA
    • 21 Pass-Through Income in the nature of Short Term Capital Gain chargeable @ 15%
    • 22 Pass-Through Income in the nature of Short Term Capital Gain chargeable @ 30%
    • 23 Pass-Through Income in the nature of Long Term Capital Gain chargeable @ 10%
    • 24 Pass-Through Income in the nature of Long Term Capital Gain chargeable @ 10% – u/s other than 112A
    • 25 Pass-Through Income in the nature of Long Term Capital Gain chargeable @ 20%
    • 26 Pass-through income in the nature of income from another source chargeable at special rates

    Schedule IF

    • Name of the Firm
    • PAN of the firm
    • Whether the firm is liable for an audit?
    • Whether section 92E is applicable to the firm?
    • Percentage Share in the profit of the firm
    • Amount of share in the profit
    • Capital balance on 31st March in the firm

    Schedule EI

    • 1 Interest income
    • 2 Dividend income
    • 3 i Gross Agricultural receipts (other than income to be excluded under rules 7A, 7B, or 8 of I.T. Rules)
    • ii Expenditure incurred on agriculture
    • iii Unabsorbed agricultural loss of previous eight assessment years
    • iv Agricultural income portion relating to Rule 7, 7A, 7B(1), 7B(1A), and 8 (from Sl. No. 40 of Sch. BP)
    • v Net Agricultural income for the year (i – ii – iii + iv)
    • vi In case the net agricultural income for the year exceeds Rs.5 lakh, please furnish the following details
    • 4 Other exempt income including exempt income of a minor child
    • 5 Income not chargeable to tax as per DTAA
    • 6 Pass-through income not chargeable to tax
    • 7 Total (1+2+3+4+5 + 6)

    Schedule PTI

    • Sl.
    • Investment entity covered by section 115UA/115 UB
    • Name of business trust/investment fund
    • PAN of the business trust/ investment fund
    • Sl.
    • Head of income
    • Current Year of income
    • Share of current year loss distributed by Investment fund
    • Net Income/Loss 9=7-8
    • TDS on such amount if any

    Schedule TPSA

    • 1 Amount of primary adjustment on which option u/s 92CE(2A) is exercised & such excess money has not been repatriated within the prescribed time
    • 2
      • Additional Income tax payable @ 18% on above
      • Surcharge @ 12% on “a”
      • Health & Education cess on (a+b)
      • Total Additional tax payable (a+b+c)
    • 3 Taxes paid
    • 4 Net tax payable (2d-3)
    • 5 Date(s) of deposit of tax on secondary adjustments as per section 92CE(2A)
    • 6 Name of Bank and Branch
    • 7 BSR Code
    • 8 Serial number of challan
    • 9 Amount deposited

    Schedule FSI

    • Sl.
    • Country Code
    • Taxpayer Identification Number
    • Sl.
    • Head of income
    • Income from outside India (included in PART B-TI)
    • Tax paid outside India
    • Tax payable on such income under normal provisions in India
    • Tax relief available in India (e)= (c) or (d) whichever is lower
    • The relevant article of DTAA if relief claimed u/s 90 or 90A

    Schedule TR

    • 1 Details of Tax relief claimed
    • 2 Total Tax relief available in respect of country where DTAA is applicable (section 90/90A)
    • 3 Total Tax relief available in respect of country where DTAA is not applicable (section 91)
    • 4 Whether any tax paid outside India, on which tax relief was allowed in India, has been refunded/credited by the foreign tax authority during the year? If yes, provide the details below
    • (i) Amount of tax refunded
    • (ii) Assessment year in which tax relief allowed in India

    Schedule FA

    • A1 Details of Foreign Depository Accounts held (including any beneficial interest) at any time during the relevant accounting period)
    • A2 Details of Foreign Custodial Accounts held (including any beneficial interest) at any time during the relevant accounting period
    • A3 Details of Foreign Equity and Debt Interest held (including any beneficial interest) in any entity at any time during the relevant accounting period
    • A4 Details of Foreign Cash Value Insurance Contract or Annuity Contract held (including any beneficial interest) at any time during the relevant accounting period
    • B Details of Financial Interest in any Entity held (including any beneficial interest) at any time during the relevant accounting period
    • C Details of Immovable Property held (including any beneficial interest) at any time during the relevant accounting period
    • D Details of any other Capital Asset held (including any beneficial interest) at any time during the relevant accounting period
    • E Details of account(s) in which you have signing authority held (including any beneficial interest) at any time during the relevant accounting period and which has not been included in A to D above.
    • F Details of trusts, created under the laws of a country outside India, in which you are a trustee, beneficiary or settlor
    • G Details of any other income derived from any source outside India which is not included in,- (i) items A to F above and, (ii) income under the head business or profession

    Schedule GST

    • Sl. No.
    • GSTIN No(s).
    • The annual value of outward supplies as per the GST return(s) filed

    Part B- TI

    • 1 Income from house property
    • 2 Profits and gains from business or profession
    • 3 Capital gains
    • 4 Income from other sources
    • 5 Total of head wise income (1 + 2v + 3c +4d)
    • 6 Losses of the current year to be set off against 5 (total of 2xvii, 3xvii, and 4xvii of Schedule CYLA)
    • 7 Balance after set-off of current year losses (5 – 6) (total of column 5 of schedule CYLA + 4b + 2iv)
    • 8 Brought forward losses to be set off against 7 (total of 2xvi, 3xvi, and 4xvi of Schedule BFLA)
    • 9 Gross Total income (7 – 8)(also 5xvii of Schedule BFLA + 4b + 2iv)
    • 10 Income chargeable to tax at the special rate under section 111A, 112, 112A, etc. included in 9
    • 11 Deductions under Chapter VI-A
    • 12 Incomes not forming part of total income (12a + 12b+ 12c)
    • 13 Total income (9 – 11c – 12)
    • 14 Income chargeable to tax at special rates (total of (i) of schedule SI)
    • 15 Net agricultural income/ any other income for rate purpose (3 of Schedule EI)
    • 16 Aggregate income (13 – 14 + 15) [applicable if (13-14) exceeds maximum amount not chargeable to tax]
    • 17 Losses of the current year to be carried forward (total of xi of Schedule CFL)
    • 18 Deemed total income under section 115JC (3 of Schedule AMT)

    Part B- TTI

    • 1 a Tax payable on deemed total income under section 115JC (4 of Schedule AMT)
    • b Surcharge on (a) above (if applicable)
    • c Health and Education Cess @ 4% on 1a+1b above 1c
    • d Total Tax Payable on deemed total income (1a+1b+1c)
    • 2 Tax payable on total income
    • 3 Gross tax payable (higher of 1d or 2g)
    • 4 Credit under section 115JD of tax paid in earlier years (applicable if 2g is more than 1d) (5 of Schedule AMTC)
    • 5 Tax payable after credit under section 115JD (3 – 4)
    • 6 Tax relief
    • 7 Net tax liability (5 – 6c)
    • 8 Interest and fees payable
    • 9 Aggregate liability (7 + 8e)
    • 10 Taxes Paid
    • 11 Amount payable (Enter if 9 is greater than 10e, else enter 0)
    • 12 Refund (If 10e is greater than 9) (refund, if any, will be directly credited into the bank account)
    • 13 Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts) (In case of nonresidents, details of anyone foreign Bank Account may be furnished for the purpose of credit of refund)
    • 14 Do you at any time during the previous year

    Tax Payment

    • A Details of payments of Advance Tax and Self-Assessment Tax
    • B Details of Tax Deducted at Source (TDS) on Income [As per Form 16 A issued or Form 16B/16C furnished by Deductor(s)]
    • C Details of Tax Collected at Source (TCS) [As per Form 27D issued by the Collector(s)]

    And the last part of the form is verification

    This is the ITR-5 Form set by the government; any deviation from it is not accepted.

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