1 Year GST Filing, TDS Filing and Income Tax Filing through LEDGERS Platform. Accountant will be assigned on request of client through LEDGERS Platform.

Complete By* : 06-FEB-2023


About this item

  • GST Return Filing
  • TDS Return Filing
  • Income Tax Return Filing

Terms and conditions


Offers and discounts

LEDGERS Invoicing Platform

Invoicing, GST Filing, Banking and Payroll

GST Invoice

Get GST eInvoice with Input Tax Credit

loading...
loading...
OTP

Phone Verification

Enter OTP send to 7894561230

Pricing Summary

Market Price : ₹ 11899
IndiaFilings : ₹ 8389 excl. GST
: ₹ 9899 incl. GST
GST Credit : ₹ 1510
You Save : ₹ 3510 (29%)
Government Fee : Included

Partnership Firm Tax Return Filing In Bihar

A partnership firm is a type of entity where two or more two people are carrying out business under one entity. Registering a Partnership in Bihar is the right choice for the small and medium-size enterprises as the formation is very easy and there are very few regulatory compliances. Partnerships are one of the oldest types of entities, a partnership can be registered even after it is formed.

How Partnership firms file tax returns in Bihar?

Partnership return filing in Bihar should be done through Form ITR 5. Form ITR 5 is used for Partnership firm income tax returns not the tax returns for the Partners. ITR 5 is an attachment-less form and there is no requirement to submit any of the documents or the statements along with the Partnership firm tax returns. The taxpayer needs to save the records about the business and produce the same before the tax authorities when requested.

ITR 5 can be file online with the Income-tax department's online portal. You need to submit the documents only when you are asked to submit them. While filing the partnership firm tax returns in Bihar the partners must have class 2 digital signatures for verification.

What are the deductibles allowed for Partnerships while return filing in Bihar?

When an individual is calculating the payable income tax he should check the available deductible income. The allowed deductibles for Partnership tax return filing in Bihar are:

  • Remuneration or interest that is to be paid to the partners of the firm that is not under the terms of the partnership.
  • The salaries, bonuses, remuneration, commissions are paid to the non-working partners of the firm.
  • The remuneration paid to the partners is following the terms of the partnership deed.

What are the due dates for Partnership firm tax return filing in Bihar?

The Due date for Partnership Firm Tax return filing is dependent on whether the firm is required to carry audit or not. When the Partnership firm does not need auditing then the Partnership tax return filing in Bihar should be done by 31st July. Whereas when the Partnership firm needs to get auditing done then the Partnership firm tax return filing in Bihar is to be done before 30th September.

There are lesser compliances in Partnership firms as compared to the Private Limited Companies. Unlike the Companies, the Partnership firms are not required to conduct any meetings or maintain any register. It is also to be noted that non-compliance can be costlier so it is necessary to meet all the compliances in time.

FAQ's

Yes, while filing the Partnership firm’s annual returns in Bihar the partners are required to have a Class 2 Digital Signature for the verification of the filing process.
There are two procedures for filing the annual returns of Partnership in Bihar online as well as offline. In case of the online return filing, the partnership firms must mandatorily carry out an audit.
The due date for Partnership firm annual return filing in Bihar is 31st July for firms who do not require auditing, for firms who require auditing need to file the returns by 31st September.
Yes, the Partnership firms need to comply with the monthly, Quarterly, and Annual GST filings.

Customer Reviews For Partnership

IndiaFilings has over 1 lakh customers and we have completed over 7 lakh services through our platform. At IndiaFilings, we take pride in the services delivered by us and guarantee your satisfaction with our services and support. We constantly improve and strive to deliver the best accounting, financial or secretarial services through the internet.

PAWAR PRACHI ARAVIND
UDYAM Registration

Verified Customer

06 February 2023

How can we improve?

Great working experience with prachi.. thanks dear

PAWAR PRACHI ARAVIND
GST Registration

Verified Customer

06 February 2023

How can we improve?

My interaction with Prachi has been very good she has lots of patience. She is very persuasive to get her work done. Nice to deal with a very pleasing personality.

M SHANMUGADEVI
GST Registration

Verified Customer

06 February 2023

How can we improve?

very good service and good communication. Thanks to Indiafilings.com

NILOFARNISHA K
Trademark Registration

Verified Customer

06 February 2023

How can we improve?

Excellent support anf provided clarification where required

ABINAYA K
ADT-1 Filing

Verified Customer

06 February 2023

How can we improve?

quick actioned. thanks

JEYASREE M
UDYAM Registration

Verified Customer

06 February 2023

How can we improve?

Timeline of process is very nice and smooth and fast service

JEYASREE M
GST Registration

Verified Customer

06 February 2023

How can we improve?

Very talented expert and nice communication and proper followup on time, thank you for your wonderful timely service 🙏

FARHATH ULLAH
ADT-1 Filing

Verified Customer

06 February 2023

How can we improve?

Good followup

User

Live Chat!

We are available

loading...