Tax Rupees is India's online business services platform working to help Indians easily start and grow their business, at an affordable cost.

Contact Info

Follow Us

Annual Compliance - Partnership

File income tax return for partnership firm online with Accountant support with Tax Rupees @Rs7599. Partnership firms are required to file tax return in form ITR-5 each financial year.

Standard Plan

Standard Plan

7599 incl. GST
10000 (24% off)

1 year Accounting, Financial statement preparation, 1 year Income Tax Return Filing, 1 year Dedicated Compliance Manager support and 1 Year Dedicated Accountant and LEDGERS accounting software for a company with a turnover upto 15 lakhs per annum.
  • 1 Year Accounting
  • Financial Statement Preparation
  • 1 Year Dedicated Accountant
  • 1 Year Income Tax Filing
  • 1 Year Annual Return Filing
Get Started
Annual Compliance - Partnership

Documents Required For Annual Compliance - Partnership

Bank Statement
Credit Notes
Debit Notes
Investment Proofs(LIC Reciept,Medicliam Reciept,Insurance Reciept, Mutual Funds, Tution Fee, House Loan Slip, Donation Reciept, PF, NPS,
Loan Schedule
Purchase Invoices
Sale Invoices
Partnership Firm Tax Return Filing

What is a Partnership firm?

A partnership firm is a type of entity where more than one person is carrying out business under one entity. Partnerships firms in India are of two types - Registered partnership firms and unregistered partnership firms.

Registering a Partnership is the right choice for small enterprises as the formation is straightforward and there are minimal regulatory compliances.

The Partnership Act has been in existence in India since 1932, making partnerships one of the oldest types of business entities in India. A partnership firm can even be registered after it is formed. There are as such no penalties for non Registration of a Partnership firm.

But unregistered Partnership firms are denied certain rights under section 69 of the Partnership Act that majorly deals with the effects of non Registration of Partnership firms.

The income tax defines a Partnership firm 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”. Hence, a firm that does not have a registration certificate from the registrar is an unregistered Partnership firm.


If you don't see an answer to your question, you can send us an email from our contact form.

Partnership  firms are not expected to make an evaluated budget report every year. The duty review might be essential in light of the turnover and different rules.

The consistence for organization firms primarily incorporates the personal expense form documenting not at all like the corporate substances like the LLP and the organization as they need to make personal assessment form filings as well as the yearly bring recording back.

For recording the profits of a Partnership firm Invoices of deals and the buys during a year, costs receipt, bank explanations of the accomplices, TDS return documented duplicate, GST returns it is expected to record duplicate.

The association deed contains every one of the Terms and states of the Partnership. It directs the freedoms and the obligations of each accomplice making the organization deed an exceptionally pivotal report.

The Partnership firm and the accomplices of this firm are viewed as something similar. On account of the association firms, the obligation of the accomplices is likewise limitless and every one of the accomplices are together answerable for the liabilities of the firm.

Independent of the turnover and the benefit or misfortunes made by the accomplices, the association is expected to record annual income tax return.

There are sure limits on the exchange of responsibility for organization. A partner can't move the organization without the assent of the consent of all partner.

yes, it is possible to change over an partnership firm into an organization or a LLP. The course of transformation is exceptionally unwieldy. Thus, the business owner should to consider beginning a LLP or an organization as opposed to selecting a Partnership.

Happy Customers

Customer satisfaction is our major goal. See what our customers are saying about us.

"A big thanks to the Tax Rupees team for making GST returns simple and easy for us. Rather than requiring 7 to 8 days to do compromise, presently it's simply a question of hours. The people there help us at any given time."

"Excellent service at a reasonable cost. You can do everything from the comfort of your own home and have all of your company registration documents delivered, which I thought was impossible. You saved a significant amount of time and money."

Shivanand Mogha


"Tax Rupees handled all of the documentation and filings required to get my startup company up and running. I went for LLP registration, and Tax Rupees expertly guided me through all of the processes and kept me up to date"

The Pal Choice
Mr. Pal

The Pal Choice

"Our experience with Tax Rupees has been amazing and their method of execution is excellent and simply amazing. I would like to continue working with TR for a longer period of time."

"I've been using TaxRupees for a year. My personal interactions with them have been very positive and responsive. They follow up on GST, TDS, and other statutory compliance in a timely and efficient manner. I also used their services for the new Private Limited Company we formed in June 2020."

"I had a very positive experience with Tax Rupees. They were quick to assist with all of my work and provided all related services in a timely manner. I recommend them to any individual or business that is looking to incorporate."

Ankit Sachdeva


Annual Compliance - Partnership in State

Annual Compliance - Partnership in City