Partnership Compliance Services in India

Why Partnership Compliance is Essential

• Legal Protection: Meet all statutory requirements to avoid penalties, fines, and legal notices.

• Business Credibility: Maintain trust with clients, banks, and partners through transparent compliance.

• Financial Health: Timely filings and accurate records help you optimize tax benefits and manage cash flow.

Partnership Compliance: What We Offer

Annual Income Tax Return Filing

• File annual income tax returns using ITR-5 for partnership firms, regardless of profit or loss.

• Tax audit is mandatory if turnover exceeds ₹1 crore in a financial year.

• Filing returns is essential for accessing business loans, carrying forward losses, and claiming TDS refunds.

GST Registration & Return Filing

• GST registration is mandatory if turnover exceeds ₹40 lakh (goods) or ₹20 lakh (services).

• Required for interstate supply, e-commerce, or if mandated by business activity.

• Monthly/quarterly GST return filing (GSTR-1, GSTR-3B, GSTR-9) as per law.

TDS, EPF & ESI Compliance

• Deduct and file TDS returns if liable for tax audit or as per business activity.

• EPF registration and filing if you employ more than 20 people.

• ESI registration and returns if applicable, based on employee count and salary thresholds.

Bookkeeping & Accounting

• Maintain accurate books of accounts if turnover exceeds ₹25 lakh or income exceeds ₹2.5 lakh in any of the preceding three years.

• Prepare financial statements: Profit & Loss, Balance Sheet, and Cash Flow.

• Essential for smooth tax filing and avoiding penalties.

Registrar of Firms Filings

• Report any changes in the partnership deed, firm name, business location, or partner details to the Registrar of Firms within the specified period.

Business Licenses & MSME Registration

• Obtain and renew business licenses (Shop & Establishment, FSSAI, etc.) as per your business activity.

• MSME/Udyam registration for government recognition, subsidies, and easy loan approvals.

Who Needs Partnership Compliance ?

• Partnership Firms: Registered or unregistered firms operating in India.

• Professionals & Consultants: Firms offering services independently.

• Small Business Owners: Retailers, traders, and service providers.

How Our Partnership Compliance Process Works

Step 1 – Select Your Compliance Package

Choose from annual, quarterly, or monthly compliance plans based on your business needs.

Step 2 – Upload Documents Securely

Share PAN, Aadhaar, GST login, previous tax filings, invoices, expense details, and bank statements.

Step 3 – Expert Filing & Compliance

Our team manages your filings, compliance, and reporting, ensuring accuracy and timeliness.

Step 4 – Ongoing Support

Receive regular updates, compliance reminders, and expert advice.

Partnership Compliance Checklist

Compliance Area	Requirement
Income Tax	Annual ITR-5 filing, tax audit if turnover exceeds ₹1 crore
GST	Registration & return filing if turnover exceeds threshold
TDS	Deduction & return filing if applicable
EPF/ESI	Registration & return filing if employee thresholds met
Bookkeeping	Maintain books if turnover/income exceeds limits
Registrar Filings	Report changes in deed, partners, or address
Business Licenses	Obtain/renew as per local/state regulations
MSME/Udyam	Registration for government benefits
Data Security	Ensure secure handling of financial and personal data

Frequently Asked Questions (FAQs)

What is partnership compliance in?

Partnership compliance means fulfilling all legal, tax, and regulatory requirements such as income tax return filing, GST registration and returns, TDS, EPF/ESI, maintaining books of accounts, and business licenses.

Which ITR form is applicable for partnership firms?

ITR-5 is used for partnership firms, regardless of profit or loss. A tax audit is required if turnover exceeds ₹1 crore in a financial year.

When is GST registration mandatory for a partnership?

GST registration is required if turnover exceeds ₹40 lakh (goods) or ₹20 lakh (services), for interstate supply, or for selling on e-commerce platforms.

What are the consequences of non-compliance?

Non-compliance can result in late fees, penalties, legal notices, and loss of business credibility, affecting access to loans and partnerships.

How do I get started with partnership compliance services?

Contact us, choose your package, upload your documents securely, and let our experts handle the rest. You’ll receive regular updates and support throughout the year.

Get Started

Contact us today for a free consultation and a customized compliance plan. Experience hassle-free, reliable, and secure compliance services designed for your business success.