Partnership Firm ITR Filing
ITR-5 filing for registered and unregistered partnership firms
Overview
Partnership Firm ITR filing covers the annual income tax return for firms formed under the Indian Partnership Act, 1932, taxed at a flat 30% rate (plus applicable surcharge and cess) on total income, regardless of the level of profit earned. Filing is mandatory every year, even for firms with zero income or a loss, since there is no minimum income exemption threshold for firms. A critical component of correct filing is verifying that remuneration and interest paid to working partners comply with the limits prescribed under Section 40(b), based on a valid and dated partnership deed — since amounts paid beyond these limits are disallowed for the firm while remaining taxable in the partner's hands.
Services Included
- Partnership deed review for remuneration authorization
- Section 40(b) book profit and remuneration computation
- Books of accounts finalization
- Tax audit applicability assessment
- Advance tax calculation for the financial year
- ITR-5 preparation and e-verification
Who Should Buy
- Registered and unregistered partnership firms
- Professional practice firms (CA, law, consultancy)
- Family-run and traditional business firms
- Firms structuring partner remuneration
How It's Done
Subject to a valid, dated partnership deed and finalized books
(Estimated completion: 4–7 working days)
Buy the plan
Select and pay for the service.
ITR expert assigned
A tax expert will get in touch with you.
Document collection & verification
Partnership deed, books, and bank statements reviewed.
Remuneration computation
Remuneration and interest checked against Section 40(b) limits.
ITR filed & e-verified
Return is filed and e-verified on the income tax portal.
Documents Required
Firm PAN Card
Partnership Deed (current and dated)
Books of accounts (cash book, ledger, journal)
Profit and Loss Account and Balance Sheet
Partners' capital account statements
Bank statements (firm accounts)
TDS certificates and challans
FAQs
Review
Average Rating
Partnership Firm ITR Filing
₹5,999