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In case of partnership, the losses of the firm are shared by all the partners as per their agreed profit-sharing ratios. The death of a partner will dissolve the partnership.

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Partnership Firm Compliances

  • Income Tax Return of Firm
  • Financial Statement Annually
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  • Lite+
  • Startup Accounting
  • Partners ITRs
  • TDS Returns
  • GST Returns
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  • Basic+
  • Accounting By Visit
  • Tax Planning
  • ISO Certification
  • Trademark Filing
  • Business Assessment
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FAQ's

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  • Is a digital signature required for ITR filing compliance in partnership?

    Yes, in case of online filing of the ITR, the digital signature of the partners is required.

  • Can the annual compliances of a partnership be filed online?

    Yes, the entire process of the ITR filing and audit can be done online.

  • Is a partnership firm required to file GST returns?

    A partnership having GST registration is required to file returns on GST portal.

  • Is it necessary to register a Partnership?

    No, it is not necessary to register a partnership. However, it is advised to get the firm registered to give it a legal identity. Annual compliances are mandatory irrespective of the registration status of the partnership.

  • What is the capital required to start a partnership firm?

    There is no minimum capital limit for starting a Partnership firm. So, a partnership firm can be commenced with any amount of capital.

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