Partners Remuneration Income

Partners Remuneration Income Filing in India

File ITR for Partner’s Income from LLPs or Partnership Firms with Ease

Maximize Legal Deductions • Avoid Penalties • Get Expert Filing Support

What is Partner's Remuneration?

Partner’s remuneration refers to the salary, interest, or commission paid to a partner by an LLP or partnership firm as allowed by the partnership deed. This income is taxable under 'Business or Profession', and every partner receiving such income must file an individual Income Tax Return (ITR).

Even if tax is deducted by the firm (TDS), partners are still liable to file ITR individually.

Components of Partner's Income

Which ITR Form is Applicable?

We help determine the right ITR form to file based on income sources and eligibility.

Taxation of Partner's Remuneration

• Taxable under Section 28(v)

• Treated as Business Income, not Salary

• Expenses related to earning income can be claimed (e.g. office rent, mobile, internet, etc.)

• TDS not mandatory, but advance tax may apply

• Books of accounts may be required if income exceeds specified limit

• Audit applicable if turnover exceeds 50 lakh (or 10 lakh for professionals with expenses)

Deductions & Benefits

• Claim expenses directly related to remuneration

• Set off business losses (if any)

• Tax slab rates as per individual category

• Share of profit from firm is tax-exempt (firm pays tax)

Documents Required

• PAN, Aadhaar

• Copy of Partnership Deed (optional)

• Capital Account Statement

• Details of Remuneration, Bonus, Commission

• Form 26AS / AIS

• Interest Certificate (if any)

• Bank Statements

• Business expense bills (if applicable)

Important Due Dates

‍ How SSA TAX Helps Partners File ITR

• Analyze deed and income breakup

• Select correct ITR Form (ITR-3 / ITR-4)

• Claim all eligible expenses & deductions

• Reconcile income with Form 26AS & AIS

• File return and help with tax payments/refund

• Assist in audit or advance tax if required

We specialize in partner-level income compliance for LLPs and traditional firms.

Why Choose SSA TAX?

What Our Clients Say

"Being a partner in a CA firm, my income was complex. SSA TAX took care of it end-to-end with accuracy."
— Rohit D., Mumbai

"They explained the difference between profit share and remuneration clearly and helped reduce tax burden."
— Meenal P., Ahmedabad

File Your Partner Income Return With Experts

Whether you’re a working partner or sleeping partner, your income must be filed correctly.
Let SSA TAX simplify your tax journey.

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

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Frequently Asked Questions (FAQs)

Q1. Is share of profit from the firm taxable?
No. It is exempt under Section 10(2A).

Q2. Can I claim expenses against remuneration?
Yes. Since it is business income, related expenses are allowed.

Q3. Is TDS applicable on partner’s income?
Generally, no. But tax liability remains, and advance tax applies in some cases.

Q4. Is audit required for partners?
Only if business income crosses limits under Section 44AB.

Q5. I am a sleeping partner. Do I need to file ITR?
Yes. Especially if you received interest or profit share.

Ensure Compliance. File with Confidence.

Filing partner-level ITR correctly is key to avoid scrutiny and build tax credibility.
Start with a free consultation with SSA TAX today!