ITR Filing for Partnership Firms

ITR Filing for Partnership Firms in India

Get Expert CA Support to File ITR for Your Partnership Firm Hassle-Free with SSA TAX

What is ITR Filing for a Partnership Firm?

A Partnership Firm, whether registered or unregistered under the Indian Partnership Act, must file Income Tax Returns (ITR) annually, irrespective of income or loss during the financial year.

Filing ITR helps:

• Maintain compliance with the Income Tax Act

• Claim refunds or carry forward losses

• Ensure eligibility for bank loans and tenders

• Avoid penalties and legal complications

ITR-5 is the applicable form for Partnership Firms, including professional and service-based firms.

Who Should File?

ITR Filing Due Dates (AY 2024–25)

Late filing can attract penalties up to 10,000 and interest on taxes due.

Documents Required for Partnership Firm ITR

• PAN of the firm

• Partnership Deed

• Financials (Balance Sheet & Profit-Loss Statement)

• Details of partners

• Form 26AS / AIS

• TDS certificates (Form 16A)

• Bank account statements

• GST Returns (if applicable)

• Audit report (if required)

• Digital Signature Certificate (DSC)

Applicable ITR Form – ITR-5

Form ITR-5 must be used by:

• Partnership firms (excluding LLPs)

• Firms under presumptive taxation (Sec 44AD/ADA)

• Firms with income from business, capital gains, property, or other sources

Firms opting for presumptive taxation can declare income at 8% or 6% of turnover, avoiding the audit requirement (if turnover < 2 crore).

Why File ITR for Your Partnership Firm?

Legal Requirement
Prevent interest, penalties & scrutiny
Useful for funding & tenders
Claim refund or loss carry-forward
Validate partner remuneration & interest under Sec 40(b)

Why SSA TAX for Partnership Firm ITR Filing?

CA-certified tax filing & audit handling
Expert computation of depreciation, partner interest & salary
GST + TDS + ROC integration with ITR
Seamless DSC-based ITR-5 filing
End-to-end filing with compliance reports
Trusted by 1000+ partnership & professional firms across India

Avoid rejection, notices & mismatches with our professional team.

ITR Filing Process for Partnership Firms

1. Submit Documents (email or WhatsApp)

2. Consultation with CA for review

3. Prepare ITR-5 and audit report (if needed)

4. e-File with DSC on Income Tax Portal

5. Get Acknowledgment & Support for refund or notice handling

Get Started with Your Firm’s ITR Filing Today!

SSA TAX provides stress-free, CA-assisted ITR filing for partnership firms across India. Whether you’re a small firm or have multi-partner setups, we’ve got your compliance covered.

Call / WhatsApp: +91-9773346539/38/34
Email: info@ssatax.in
Visit: www.ssatax.in

All-India Online Filing
Fast Turnaround
Affordable, Transparent Pricing

FAQs – ITR for Partnership Firms

Q1. Do unregistered partnership firms need to file ITR?
Yes. Filing is mandatory regardless of registration status.

Q2. What is the penalty for late filing?
1,000 to 10,000 depending on turnover and delay.

Q3. Can a firm opt for presumptive taxation under Sec 44AD?
Yes, if total turnover is under 2 crore.

Q4. Can partners also claim salary separately in ITR?
Partner's share of profit is exempt; however, salary & interest under Sec 40(b) is taxable in their ITR.

Q5. Which ITR form is applicable?
ITR-5 is applicable for all partnership firms (excluding LLPs).