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ITR-5 is applicable for firms, LLPs, Association of Persons (AoP), Body of Individuals (BoI), and other artificial judicial persons, excluding companies and individuals.
Yes, ITR-5 can only be filed online. However, individuals above the age of 80 years have the option to file a paper return.
The due date for filing ITR-5 is usually July 31st of the relevant assessment year. However, it may be extended by the government in certain circumstances.
Non-filing or late filing of ITR-5 may attract a penalty of up to Rs.10,000.
No, there is no requirement to attach any documents while filing ITR-5 online. However, it is advisable to keep all the relevant documents handy for reference.
Yes, ITR-5 can be revised online within the stipulated time frame. It is important to note that the revised return will replace the original return.