Income tax return filing and compliance management for a partnership firm with a turnover of less than Rs.10 lakhs per annum.
Income tax return filing and GST filings for a partnership firm with a turnover of less than Rs.25 lakhs per annum.
Income tax return filing and GST filings, TDS filings for a partnership with a turnover of less than Rs.100 lakhs per annum.
Partnership Firm Compliance
It is essential for Partnership firms to maintain compliance under various regulations like LLPs and Company. Eazy Startup offers an easy process for maintaining partnership compliance from Rs.9899/-
It is incumbent on Partnership firms, like LLPs and Companies registered in India, to maintain compliance. In order to do so, a Partnership firm must file income tax returns, while corporate entities like LLP and Company require both income tax return filing with the Income Tax Department and an annual return filing with the Ministry of Corporate Affairs. Partnership firms with an annual turnover of Rs. 100 lakhs or over are also required to obtain a tax audit.
Along with basic compliance requirements, partnership firms must also comply with TDS regulations, GST regulations, ESI regulations and others. Based on the type of entity, industry, state of incorporation, number of employees and sales turnover, the compliance requirement for a business would vary.
Eazy Startup, India’s most reliable business services platform offers a variety of compliance services like partnership firm compliance, LLP registration, trademark filing, GST registration, income tax filing and more. Get a free consultation for partnership compliance maintenance through Eazy Startup by scheduling an appointment with an Eazy Startup Advisor.
Income Tax Filing
It is mandatory for all partnership firms to file Income. Partnership firms with over Rs.100 lakhs of annual turnover are obligated to complete a tax audit.
Under the 2017 GST regime, partnership firms having GST registration are required to file monthly, quarterly, and annual GST returns.
All partnership firms having Employee State Insurance (ESI) registration must file ESI returns. Partnership firm employs over 10 employees must have ESI registration.
Partnership firms that have TAN must file Quarterly TDS returns and are required to deduct tax at source as per TDS rules.
Tax Return Preparation
Upon completion of the Income Tax Return, in the requisite format, the Client's Finance Team shall verify the prepared return and affix the digital signature
With a verification check, the Tax Return shall be filed with the Income Tax Department along with the necessary attachments.