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Annual Compliances For Partnership

All the Partnership Firms are required to file the following returns mandatorily whether the Partnership has done business or not.

Documents Required for Annual Compliances For Partnership

  • 1 Invoices of Purchases and Sales during the year
  • 2 Invoices of expenses incurred during the year
  • 3 Credit Card Statements if Expenses are incurred by Partners on behalf on Firm
  • 4 Bank Statements from 1 April to 31 March for all bank accounts in the name of Partners
  • 5 Copy of VAT or Service Tax returns filed (If Any)
  • 6 Copy of TDS Challans Deposited (If Any)
  • 7 Copy of TDS Returns filed (If Any)

Annual Compliance for Partnership

All the Partnership Firms are required to file the following returns mandatorily whether the Partnership has done business or not.

A. INCOME TAX

As per Income Tax Act, Partnership Firm has to close its financial year as on 31st March every year and has to file the returns with Income Tax Department.

In case of Partnership whose annual turnover is more than Rs.100 Lakhs, the accounts have to be audited as required under Income Tax Act as well.

 

A Partnership has to file its Income tax Returns on or before the due dates as follows:

Partnership whose accounts are not required to be audited under any Law

31st July of every year

Partnership whose accounts are subject to Audit under any Law

30th September of every year or such other date as may be notified by the Income Tax authorities.

INCOME TAX RETURN OF FIRM

All Inclusive Fees
11800 Package Includes
  • Income Tax Return and GST Compliances

INCOME TAX RETURN WITH TAX AUDIT

All Inclusive Fees
35400 Package Includes
  • Income Tax Return

GST COMPLIANCES

All Inclusive Fees
23600 Package Includes
  • Income Tax Return , GST Compliances and Tax Audit