Why File ITR for Partnership Firms?
- Mandatory Compliance: Required under the Income Tax Act.
- Transparency: Clear financial reporting for partners and authorities.
- Tax Benefits: Claim deductions and avoid penalties.
ITR Filing for Partnership Firms
₹3699
Now ₹3499
Now ₹3499
Our Services
- Preparation and filing of ITR for partnership firms.
- Computation of taxable income and deductions.
- GST compliance assistance (if applicable).
- Expert consultation for tax planning.
Who Should Opt?
Partnership firms, including registered and unregistered entities, seeking to comply with Income Tax regulations.
Documents Required
- Partnership Deed: Clear scan of the agreement.
- PAN of Firm and Partners: Scanned copies.
- Financial Statements: Profit & Loss, Balance Sheet.
- Bank Statements: Last financial year’s statements.
- GST Returns (if applicable): Copies of filed returns.
What the Client Gets
- Acknowledgment of ITR filing.
- Tax computation sheet.
- Compliance report for GST (if applicable).
- Tax planning guidance.
Advantages
- Ensures compliance with Income Tax laws.
- Maximizes eligible deductions and tax benefits.
- Avoids penalties for non-compliance.
Disadvantages
- Requires detailed financial documentation.
- Complex tax calculations for large partnerships.
Comparison
| Feature | Partnership Firm | Private Limited Company |
|---|---|---|
| Tax Filing | Mandatory ITR, simpler compliance | Mandatory ITR, complex compliance |
| Liability | Unlimited (unless LLP) | Limited |
| Cost of Compliance | Moderate | High |
Frequently Asked Questions (FAQs)
Why Choose Filingg.com?
- Expert tax professionals for accurate filing.
- Fast and hassle-free process.
- Affordable pricing with no hidden costs.
Get Started Today! File your partnership firm’s ITR with Filingg.com.
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