ITR-5 / 6 / 7 Filing
For firms, LLPs, companies, trusts & NGOs
Corporate and entity return filing for partnership firms, LLPs, companies, trusts, societies and NGOs, with complete schedules and MAT/AMT workings.
What's included
- Complete schedule preparation
- MAT / AMT computation
- 12A/80G compliance for trusts
- Audit report linkage (3CA/3CB-3CD)
Understanding ITR-5 / 6 / 7 Filing
ITR-5, ITR-6 and ITR-7 are the income tax return forms for entities rather than individuals. ITR-5 covers partnership firms, LLPs, AOPs, BOIs and cooperative societies; ITR-6 covers companies other than those claiming exemption under Section 11; and ITR-7 covers trusts, NGOs, political parties, and institutions filing under Sections 139(4A) to 139(4D) of the Income-tax Act, 1961. Filing is mandatory for companies and firms regardless of whether there is any income or activity during the year.
Entity returns carry obligations individual returns do not: mandatory digital signature (DSC) for companies and audited entities, MAT computation under Section 115JB or the 22%/15% concessional regimes under Sections 115BAA/115BAB for companies, partner remuneration limits under Section 40(b) for firms, and for trusts the interplay of Sections 11 and 12 with Form 10B/10BB audit reports and 85% application-of-income rules. Errors can cost an NGO its exemption or a firm its remuneration deduction.
Finscape files entity returns for ₹5,999 in 4-6 working days, working from your audited or finalised financials. We align the return with the audit report, compute depreciation as per the Income-tax Rules, reconcile with Form 26AS and GST data, and handle DSC-based filing end to end. For AY 2026-27, non-audit entities file by 31 July 2026 and audited entities by 31 October 2026.
Who needs this?
Partnership firms and LLPs
Every firm and LLP must file ITR-5 annually, even with nil income or no operations during the year.
Private and public limited companies
All companies must file ITR-6 with DSC, whether active, newly incorporated or dormant.
Trusts, societies and Section 8 companies
Charitable and religious entities registered under Sections 12A/12AB file ITR-7 to preserve their exemption.
AOPs, BOIs and cooperative societies
Joint ventures, resident welfare associations and cooperatives file ITR-5 with their applicable tax rates.
Startups and holding entities
Even pre-revenue startups must file to carry forward losses under Section 79 and stay compliant for funding diligence.
When this is NOT the right fit
| Your situation | What applies instead |
|---|---|
| ✕You are a sole proprietor | A proprietorship is not a separate entity; the owner files ITR-3 or ITR-4 in their personal capacity. |
| ✕You are a company claiming Section 11 exemption | Companies registered for charitable purposes file ITR-7, not ITR-6. |
| ✕Your trust has no 12A/12AB registration | Without registration, exemption under Sections 11 and 12 is unavailable and the entity may be taxed as an AOP — we advise on registration first. |
Not sure which applies to you? Message us — we'll point you to the right service in minutes, free.
Documents you'll need — and why
Audited financial statements
Balance sheet and P&L feed directly into the return schedules and must match the audit report.
Tax audit report (Form 3CA/3CB-3CD), if applicable
Disallowances and reporting in the 3CD must be mirrored in the return to avoid inconsistency flags.
PAN, incorporation certificate and partnership/LLP deed
Establishes entity identity, profit-sharing ratios and remuneration clauses relied on under Section 40(b).
Digital signature (DSC) of authorised signatory
Companies and audit cases must verify the return with DSC; OTP verification is not permitted.
Form 26AS, AIS and TDS returns filed
Ensures all tax credits are claimed and TDS deducted by the entity reconciles with its own filings.
GST annual data, if registered
Turnover in GSTR filings and the ITR must reconcile to avoid cross-verification notices.
12A/12AB, 80G certificates and Form 10B/10BB (trusts)
Exemption claims in ITR-7 fail without valid registration and the audit report filed on time.
Details of partners, directors or trustees
The return requires shareholding, remuneration and interest details for each key person.
How it works, step by step
- 1
Entity review and scoping
1 dayWe identify the correct form, applicable tax regime and audit linkages, and issue a tailored checklist.
- 2
Financials to tax mapping
2-3 daysBook profit is converted to taxable income — depreciation as per IT Rules, disallowances, MAT/AMT and 40(b) limits computed.
- 3
Schedule preparation and reconciliation
1 dayAll schedules are prepared and reconciled with the 3CD, Form 26AS and GST turnover.
- 4
Draft approval
Same dayThe computation and key positions are discussed with your management or trustees before anything is submitted.
- 5
DSC filing and acknowledgement
4-6 working days overallReturn is filed with the authorised signatory's DSC and the acknowledgement pack is delivered for your records.
Due dates to know
Non-audit entities (AY 2026-27)
31 July 2026
Small firms and AOPs below audit thresholds.
Audited entities and all companies
31 October 2026
Tax audit report due 30 September 2026; trust audit reports (Form 10B/10BB) also by 30 September 2026.
Entities with transfer pricing (Section 92E)
30 November 2026
Where international or specified domestic transactions require Form 3CEB.
Belated or revised return
31 December 2026
Belated filing forfeits carry-forward of business losses.
What non-compliance costs
Late filing
Section 234F fee of ₹5,000, plus 234A/234B interest at 1% per month; business losses cannot be carried forward.
Tax audit report not filed by 30 September 2026
Penalty under Section 271B of 0.5% of turnover, up to ₹1,50,000.
Trust files late or misses Form 10B/10BB
Risk of losing Sections 11/12 exemption for the year, with the entire surplus becoming taxable.
Company does not file at all
Best-judgement assessment under Section 144, Section 270A penalties up to 200% of tax, and prosecution exposure under Section 276CC for directors.
Why doing this right pays off
Audit-aligned filing
Return positions mirror the 3CD and audited financials, eliminating the inconsistencies that CPC flags automatically.
Right regime for companies
We evaluate 115BAA (22%) and 115BAB (15% for new manufacturers) against the standard regime with MAT, choosing what minimises tax over multiple years, not just this one.
Partner remuneration optimised
Remuneration and interest are structured within Section 40(b) limits so the firm gets full deduction and partners are taxed efficiently.
Exemption protection for NGOs
85% application, accumulation under Section 11(2) via Form 10, and corpus donation treatment are handled so your 12AB registration stays safe.
Loss carry-forward preserved
On-time filing keeps business losses and unabsorbed depreciation available for set-off — vital for startups and growing firms.
Common DIY mistakes we see
- Assuming a dormant company or LLP with no transactions need not file — nil returns are still mandatory and non-filing accumulates penalties.
- Claiming partner remuneration without an enabling clause in the partnership deed, leading to disallowance under Section 40(b).
- Filing ITR-7 without uploading Form 10B/10BB first, which can void the exemption claim for the whole year.
- Using book depreciation instead of Income-tax Rules rates, misstating taxable profit.
- Missing the 30 September audit report deadline and then scrambling — the return itself cannot be finalised without it.
Frequently asked questions
Yes. Firms, LLPs and companies must file every year regardless of income. Skipping a nil return attracts the ₹5,000 late fee, blocks loss carry-forward, and creates problems in bank, tender and due-diligence processes later. A nil-return year is also the cheapest year to stay compliant.
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All-inclusive professional fee. Government fees (if any) extra at actuals.
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ITR due date — AY 2026-27 (non-audit)
31 July 2026 — book now and beat the last-minute rush.