Annual Compliance - Partnership Firm

starterSILVER

  • Professional Fees
  • Balance Sheet, P&L (1 Year)
  • ITR Filling (1 Year)
  • Detail Quotation

STARTING

₹ 10,000 ₹ 4,999

All inclusive price

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starterSILVER

  • Professional Fees
  • Balance Sheet, P&L (1 Year)
  • ITR Filling (1 Year)
  • Detail Quotation

STARTING

₹ 10,000 ₹ 4,999

All inclusive price


Registration Process

process

Maintain your books of accounts

process

Prepare and file the balance sheet.

process

Certify your account if the turnover is more than 100L

Documents Required

document Partnership deed
or agreement.
document Valid DSC token of
active partners.
document Invoices of sales
and purchases
during a financial
year.
document Invoices of
expenses occurred
during a financial
year.
document Bank statements of
the partners' bank
accounts.
document A copy of TDS
returns filed.
document A copy of GST
returns filed.

Basic Requirements

After the registration of the partnership firm, the partners have to apply for PAN & TAN.

The partnership firm is required to file ITR regardless of its income or loss.

Partnership firms with a turnover above Rs. 100 lakhs have it mandatory to obtain a tax audit.

Registration of GST is compulsory for businesses having a turnover exceeding Rs 40 lakhs.

Partnership firms also file quarterly TDS returns with a TAN, deducting tax at source - TDS Rules.

Every partnership firm that has ESI registration should compulsorily file ESI returns.

Benefits

benefit

Regular filling of compliances shows a credible track record of the partnership firm in the eyes of the law.

benefit

Complex and hefty penalties are prevented.

benefit

More opportunities for borrowing funds because of the clean history of compliances.

benefit

Instant approval from joint ventures and foreign entities due to a strong image in the law.

benefit

Protection from personal tax implications and stringent penalties, plus enquiries of income tax.

Income Tax Filing

Income tax filing is mandatory for every partnership firm despite its turnover or losses. The partnership firm with an annual turnover is above 100 lakhs must obtain a tax audit.

TDS Regulations

The partnership firm having TAN must file TDS returns, and they ought to deduct taxes at the source as per the rules of TDS.

GST Regulations

As per the GST regime proposed in 2017, the partnership firms who have the GST registration shall file monthly, quarterly, and annual GST returns.

ESI Regulations

The partners having ESI registration must file ESI returns. ESI registration gets mandatory when the firm employs more than ten employees.

The estimate of expenses for above is

SILVER

₹ 10,000 ₹ 4,999

  • Professional Fees ₹ 4999
  • Balance Sheet, P&L (1 Year) ₹ 0
  • ITR Filling (1 Year) ₹ 0
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Frequently Asked Question

If the annual turnover of the partnership firm is beyond 100 Lakhs, it has it mandatory to perform a tax audit.

The partnership firms registered under GST should file GST returns monthly, quarterly, and annually.

The partnership firm that has TAN are allowed to file quarterly TDS as per the TDS rules.

All the partnership firms registered under ESI required to file ESI returns. The firm does ESI registration when it acquires more than 10 employees.

The partnership firm has to follow all the rules and regulations of income tax, RDS, ESI, GST, etc.

Why Ease2Bizz?

First of all, our team completes the entire process in less than 10 days because of its skills and knowledge. Also, working with the best talents of the market, we closely keep a tab on all the amendments made to various laws. We also make it a point to keep you updated with all kinds of compliances. We also inform you about all the requirements on time.

Our Network Partners

To magnify our results and facilitate the ease of doing business, we always try to work with
other Network Partners. Have a look at them:

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Testimonials

Let our consumers’ reviews shed a little more light on our services!

quote

You can forget about all compliance once you choose Ease2Bizz. They have prompt and professional services, I will definitely recommend it to others.

Mr. Amol Turkhade
Innoway Technologies (Director)
quote

I literally had my company registered in 5 days. I couldn't have been any more satisfied.

Dr.Santosh Kakade
Core India Institute of Legal Medicine Pvt Ltd (Director)
quote

Highly professional services, I will recommend to everyone!

Mr. Yash Rane
CHIZEL PRINTS MANUFACTURING PRIVATE LIMITED (Founder)
quote

Highly professional services, I will recommend to everyone! They have commendable services, I really loved their work.

Mr. Nikhil Gunjal
VERTEX SAFETY PRODUCTS PRIVATE LIMITED (Director)
quote

For the past few years, I was having issues focusing on my core business. Then Ease2Bizz helped me with my focus and now we are not only growing but more importantly working with our ideal clients!

Sachin Malpani
Bake-lite Food Processing Pvt Ltd (Director)

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