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PARISHRAMA CONSULTING SERVICES PRIVATE LIMITED

PARISHRAMA CONSULTING SERVICES PRIVATE LIMITED · Monday to Saturday, 10:00 am to 6:30 pm

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Compliance · Done for you

Partnership Firm Annual Compliance

We ensure accuracy, maximize deductions, and prevent tax notices.

  • July 31Due Date
  • Follow every step from your phone
  • Written quote first
You receiveDone

ITR Filing

Partnership Firm Annual Compliance · sample

Every step tracked in your login

  • Written quote before any work
  • Secure online payment
  • One office number

Our fee

In a written quote, before any work

Our fee, government fees and GST shown separately. Nothing is charged until you accept.

Get a written quote

About: Partnership Firm Annual Compliance

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No charge for the call or the quote. We use these details only to answer your enquiry. See our privacy policy.

Secure online paymentGST invoiceOne office number

Due date for Partnership ITR is 31st July (Non-Audit). Late filing fee is up to ₹5,000.

What you get

Everything handed over, nothing left hanging.

  • ITR Filing

    Kept in your login to download any time, with every paper of the work.

  • Every step in view

    Your quote, payment, documents and each stage of the work on one screen.

  • Reminders before dates

    The returns and renewals that follow are added to your dates, with a reminder before each.

  • A person to ask

    Chat with the team doing the work. Calls go to the one office number.

At a glance

What this service covers

  • Financial Statements

    We prepare your Profit & Loss Account and Balance Sheet as per Income Tax standards.

  • Tax Saving

    We optimize tax liability by claiming allowable deductions like Partners' Remuneration & Interest.

  • Audit Support

    If turnover exceeds ₹1 crore (₹10 crore when cash transactions are no more than 5%), a tax audit by a practising CA is required.

Options

Packages

Select the plan based on your business turnover.

  • Basic Filing

    Non-Audit Cases

    Turnover < 1 Cr

    • Preparation of Financials
    • ITR-5 Filing
    • Computation of Income
    • Filing Acknowledgement

  • Tax Audit Filing

    Mandatory Audit

    Turnover > 1 Cr

    • Everything in Basic
    • CA Audit Report (3CA/3CD)
    • Balance Sheet Finalization
    • Digital Signature Support

  • Nil Return

    Zero Business Activity

    Inactive Firm

    • Statement of Affairs
    • Nil ITR-5 Filing
    • Carry Forward of Loss
    • Active Status Maintenance

Amounts are indicative. The fee for your case comes in a written quote, with our professional fee, government fees and GST shown separately. Nothing starts until you accept it.

Documents

Documents we will ask for

Nothing to send now. After you accept the quote and pay, you upload these from your phone against this same list, and each one shows whether it is received, approved or needs to be sent again.

  • Firm PAN Card

  • Partnership Deed

    (Copy)

  • Bank Statements

    (Current Year)

  • Sales & Purchase Invoices

  • Expense Bills

    (Rent, Salaries, etc.)

The work, stage by stage

Stages of the work

You see these same stages in your login once the work starts, and you are told when each one is done.

  1. 1

    Data Collection

    Upload your bank statements and ledger details to our secure portal.

  2. 2

    Drafting Financials

    Our accountants prepare the Balance Sheet and P&L account.

  3. 3

    Tax Calculation

    We compute tax liability after deducting partners' salary and interest.

  4. 4

    ITR Filing

    After your approval, we file the return with the IT Department.

Questions

Frequently asked

Something else on your mind? Call the office - it is always the same number.

What is the tax rate for Partnership Firms?

Partnership firms are taxed at a flat rate of 30% on total income. Additionally, a surcharge of 12% applies if income exceeds ₹1 Crore, plus 4% Health & Education Cess.

Can partners claim salary and interest?

Yes. Interest on capital is allowed up to 12% p.a., and remuneration to working partners is allowed within specific limits under Section 40(b), provided it is mentioned in the Partnership Deed.

What happens if I don't file the return?

Filing late attracts a fee of up to ₹5,000 (₹1,000 if total income is up to ₹5 lakh). Additionally, you cannot carry forward business losses to future years, and you may face scrutiny from the Income Tax Department.

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Next step

Ready to start Partnership Firm Annual Compliance?

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