All partnership firm must file ITR 5 electronically w.e.f to A.Y. 2014 to 2015.

Up to 2013 to 2014, the partnership firms for whom provision of section 44AB for  are not applicable were allowed to furnish the ITR 5 in paper form or return electronically under digital signature,  after transmitting the data, ITR V was to be submitted.

Now with amendment in Rule 12 of Income tax rules 1962, the following provisions are applicable for the partnership firm under provision of section 44AB.

1.      Partnership Firm who are required to get Audited under Section 44AB can file ITR 5 return only electronically under digital signature.

2.      Partnership Firm who are required to get Audited Under Section 44AB can submit the return in any of the following mode.

(i)          Furnishing the return electronically under digital signature;

(ii)         Transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V;