| Parameters | Particulars | Applicability |
|---|---|---|
| Old vs New Tax Regime | Not applicable | |
| Basic tax rate for firms / LLPs | Flat rate as prescribed | |
| Section 87A rebate | Not applicable | |
| Standard deduction | Not applicable | |
| Partner remuneration & interest | Allowed subject to limits | |
| AMT applicability | May apply in certain cases |
Incorrect or delayed filing of ITR-5 may lead to:
Partnership firms, LLPs, AOPs, BOIs, and similar entities.
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