Partnership Tax Return Filing

Partnership firm is the most common type of business unit in India in which two or more people join together to make profits for business. Under the Income Tax Act, a partnership firm is defined as “individuals who enter into partnership with each other, they are personally” partners “and collectively called” a firm “, and who are Under the name, his business is called “firm”. Name “. Partnership firms are required to file income tax return in the form of ITR 5 each financial year, to file income tax returns of the partnership firm, the book of accounts should be maintained and obtain tax audit on the basis of various criteria. eMindsCA.com offers a comprehensive compliance and income tax return filing service for partnership firms. Today, income tax for your partnership firm Stay in touch with an eMindsCA.com Tax Expert to file a return.

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

Payment date of the Partnership firm tax return
For the audit on July 31, a partnership firm should not have income tax return. If income tax return of any income tax firm is to be audited according to the income tax act, then the return will be done on 30th September.

 

Major Compliances for a Partnership Firm

Dedicated Consultant

Your partnership firm will be assigned a dedicated compliance manager who will be a point of contact to help you maintain compliance with your partnership. You can come in contact with your Compliance Manager at any time and get help on matters relating to your business compliance.

Accounting

Partnership firms need to maintain accounts and prepare financial statements at the end of each financial year. Our compliance manager will help maintain accounts and will prepare financial statements for your partnership firm at the end of the financial year.

Filing Income Tax Return

The income tax return of a partnership firm should be filed at the end of each financial year. Based on the nature of business activity, our compliance manager will prepare all documents and your partnership firm will file tax returns.

GST Return Filing

GST Returns should be filed by all institutes having GST registration. If your partnership firm has a GST registration, then our compliance manager can help you file a GST return at an additional cost based on the volume.

TDS Return Filing

TDS returns should be filed by all the entities required for tax deduction and tan registration at source. If your partnership firm has a TAN registration, then our compliance manager can help to get back the TDS at an additional cost.

16 + Year Experience

Proin tincidunt porta enim, vitae fermentum sem laoreet nec. Nam ut lorem posuere, consectetur erat a, lacinia quam. Aenean sit amet sodales neque, eu imperdiet quam. Praesent congue dictum libero. Curabitur lobortis diam est, eu hendrerit nunc viverra vitae. Proin tincidunt porta enim, vitae fermentum sem laoreet nec.

BASIC

all inclusive fees

Rs.9000
  • Income tax return filing, for a partnership firm with a turnover of less than Rs.10 lakhs per annum.
STANDARD

all inclusive fees

Rs.12000
  • Income tax return filing, for a partnership firm with a turnover of less than Rs.50 lakhs per annum.
PREMIUM

all inclusive fees

Rs.18000
  • Income tax return filing, for a partnership with a turnover of less than Rs.100 lakhs per annum.

Ready Reckoner App

In this complex world of financial accounting, you need a simple APP to calculate the future value of money.

Tax Advisory Service

Our expertise in this area is legendary as we have established our presence in this segment as a reliable firm.

Business & Financial Services

We have dedicated professionals in our pay roles who offer financial, advisory as well as consulting advice.

How do we help in complying with Partnership Firm
eMindsCA.com can help compulsory filing and maintenance of annual compliance for your partnership firm.

Free Consultation
Got the question Request a call from eMindsCA.com Business Advisor.

Preparation of Tax Returns
eMindsCA.com Compliance Specialist will prepare tax returns for your participation on the basis of financial and performance during the last financial year.

Verification
Once the income tax return is prepared in the required format, the customer’s finance team can verify the prepared returns and confirm the digital signature.

Filing
Once tax returns are prepared and verified, income tax can be filed with the Income Tax Department with necessary attachments.

Creative Financial Management

Cash Flow
Liquidity
Assets Under Management
Investments

Request a Free Consultation Today!

Request Consultation
img

Financial Reporting

Combining transparency with accurate reporting, your numbers are compiled for final reporting.

Cost Accounting

We help our clients to improve their overall profitability in a way that can be termed as advisory.

Investment Strategy

We believe our expertise is for sharing and we go about doing it in right earnest!

Tax Planning

The future value of money is taken into account and planning is done accordingly.

Frequently Asked Questions

Using this section, get all the clarifications for your questions and doubts about auditing, finance, and investments. We love to clarify your doubts and get you back to your business real quick with more confidence.

Why should I outsource my support functions?
What are the main benefits of offshore outsourcing?
What Accounting functions can be outsourced?

Tax Planning

Methods

Manage your taxes wisely!