Leave the hassles of the annual mandatory Income Tax filing for Partnerships to us!
Introduction
Partnerships are ventures where two or more persons come together to undertake business activities, but this venture does not gain a different personality from its constituents. In India, Partnership firms are required to file Income Tax Returns every financial year, for which the firm must maintain its book of accounts properly, and may have to go through an extensive tax audit, before the relevant Form ITR 5 is filled and filed. Sign up for our Annual Compliance for Partnership Services today, so that your firm is compliant from day one, negating the possibilities of any compliance fines and helping with funding as well. With our team working for you, you will be kept in the loop regarding any new compliance requirements that the law may impose, and be assured that the same is reflected in your filings. Sign up today!
Mandatory Compliances
Some of the mandatory compliances that a Partnership must meet are –
A tax audit (required if sales turnover of a firm is over rupees one crore over a financial year, or in cases of professional firms if the total gross receipts are over rupees fifty lakhs).
Books of Accounts.
TDS filings, if required.
GST filings, if required.
