Partnership ITR

Partnership firm

Accurate income tax return filing (ITR-5) for partnership firms and LLPs.

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Overview

Statutory Income Tax Return filing (ITR-5) for partnership firms and LLPs. We compute firm income, verify partner salaries, interest allowances, and ensure compliance with the limits set by Section 40(b) of the Income Tax Act.

Section 40(b) Compliance

Check limits on salary and interest payments to partners.

Avoid Late Penalties

File returns on time to prevent steep late fees and interest.

Loss Carrying Benefits

Legally carry forward business losses to future years for tax offset.

Who Should Apply?

Partnership firms registered under the Partnership Act
Limited Liability Partnerships (LLPs) registered with MCA

What Will You Get?

ITR-5 Filing Acknowledgment
Partner-wise Income Allocation Sheet
Firm Tax Computation Statement

Documents Required

Step-by-Step Process

01

Books Review

Send audited or compiled financial accounts of the firm.

02

Computation

Compute net income and tax after partner remuneration deductions.

03

Validation

Verify interest paid on partner capital as per deed limits.

04

Filing ITR-5

Submit returns on the e-filing portal using Designated Partner DSC.

Expert Compliance Tip

Ensure the partnership deed authorizes remuneration and interest to partners to claim them as business deductions.

Why Choose Anikserve Tax?

We are committed to delivering seamless corporate compliance and tax advisory solutions. Here is why thousands of businesses trust us:

Chartered Accountants & Legal Experts

All filings, returns, and agreements are drafted and reviewed by experienced CAs and legal advisors.

Fastest Filing Turnaround

Our optimized document verification process ensures immediate uploads and zero MCA/GST portal delays.

100% Data Confidentiality

Your financial records, identities, and intellectual property assets are secured with bank-grade encryption.

End-to-End Business Care

From company setups and trademarks to monthly GST returns and yearly audits—we cover everything.

Frequently Asked Questions

Yes, all registered partnership firms and LLPs must file tax returns irrespective of profits or losses.
Partnership firms are taxed at a flat rate of 30% plus applicable surcharge and cess.

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