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Partnership Firm Tax Return Filing

We have made the Income Tax eFiling, simple and easy. File your income tax return online with the dedicated Tax Experts support from IndiaFilings.


File business tax return from Rs.2899  Get Started


Authorised eReturn Intermediary

IndiaFilings.com (ERI ID: ERIA100945) is an Income Tax Department authorised eReturn Intermediary.


Partnership firms is among the most common types of business entity in India wherein two or more persons join together to undertake a profit for business. Under Income Tax Act, a partnership firm is defined as “Persons who have entered into a partnership with one another are called individually "partners" and collectively "a firm", and the name under which their business is carried on is called the "firm name". Partnership firms are required to file income tax return in form ITR 5 each financial year. To file the income tax return of a partnership firm, book of accounts must be maintained and tax audit may have to be obtained based on various criterias. IndiaFilings provides a comprehensive compliance and income tax return filing service for partnership firms. Get in touch with an IndiaFilings Tax Expert to file the income tax return for your partnership firm today.

Tax Audit for Partnership Firm

An audit would be required for a partnership firm if the total sales turnover is over Rs.1 crore during the financial year. In the case of a professional firm, audit would be required if total gross receipts is more than Rs.50 lakhs during the financial year under assessment.

Due Date for Partnership Firm Tax Return

The income tax return of a partnership firm that doesn’t require audit is due on 31st July. In case the income tax return of a partnership firm needs to be audited as per Income Tax Act, then the return would be due on 30th September.

Major Compliances for a Partnership Firm

Dedicated Advisor

Your partnership firm will be assigned a dedicated Compliance Manager who will be a single point of contact to help you maintain the compliance for your partnership. You can get in touch with your Compliance Manager at anytime and get assistance on matters related to your business compliance.

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Accounting

Partnership firms are required to maintain accounts and prepare financial statements at the end of each financial year. Our Compliance Manager will help maintain accounts and will prepare the financial statement for your partnership firm at the end of financial year.

Income Tax Return Filing

Income tax return of a partnership firm must be filed at the end of each financial year. Based on the nature of business activity, our Compliance Manager will prepare all the documents and file your partnership firm tax return.

GST Return Filing

GST return must be filed by all entities having GST registration. In case your partnership firm has GST registration, our Compliance Manager can help you file GST returns at an additional cost based on volume.

TDS Return Filing

TDS return must be filed by all entities required to deduct tax at source and having TAN registration. If your partnership firm has TAN registration, our Compliance Manager can help file TDS return at an additional cost.

SIMPLE & TRANSPARENT PRICING

Basic

Rs.9899/-
all inclusive fees
CHECKOUT

Income tax return filing, LEDGERS accounting software and compliance management for a partnership firm with a turnover of less than Rs.10 lakhs per annum.

From Rs.9899 /- all inclusive fees
EMI: Rs.884 for 12 months*

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From Rs.12899 /- all inclusive fees
EMI: Rs.1152 for 12 months*

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Premium

Rs.19899/-
all inclusive fees
CHECKOUT

Income tax return filing, LEDGERS accounting software and compliance management for a partnership with a turnover of less than Rs.100 lakhs per annum.

From Rs.19899 /- all inclusive fees
EMI: Rs.1777 for 12 months*

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How we help with partnership firm compliance

IndiaFilings.com can help file the mandatory filing for your Partnership firm and maintain annual compliance.

Free Consultation

Got questions? Request a call from an IndiaFilings Business Advisor.

Let's talk!

Tax Return Preparation

An IndiaFilings Compliance Expert will prepare the Tax Return for your Partnership based on the financials and performance during the previous financial year.

Verification

Once the Income Tax Return is prepared in the requisite format, the Client's Finance Team can verify the prepared return and affix the digital signature.

Filing

Once the Tax Return is prepared and verified, the Return can be filed with the Income Tax Department along with the necessary attachments.

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