The income tax (I-T) department has now enabled ITR-5 for filing returns online, for firms, Limited Liability Partnerships (LLP), Associations of Persons (AOP), and Bodies of Individuals (BOI).

The form cannot be used by individual taxpayers, HUFs, companies, or entities required to file under ITR-7 provisions.

The adoption of AI in the manufacturing sector is creating competitive advantages in operational efficiency, innovation velocity, and market responsiveness. Companies that excel across the five ...