Partnership Firm Compliances
Partnership firms in India can be divided into two categories namely, registered partnership or unregistered partnership. Registered partnership firms are those firms having a registration certificate from the Registrar of Firms. All other partnerships that do not have a registration certificate would be classified as an unregistered partnership firm.
Under Income Tax Act, a partnership firm is defined as “Persons who have entered into a partnership with one another are called individually “partners” and collectively “a firm”, and the name under which their business is carried on is called the “firm name”. Partnership firms are required to file income tax return in form ITR 5.
Drafting of partnership Deed
Registration of partnership deed/Firm
Addition of Partner in Partnership Firm
Winding up of Partnership Firm
Accounting and Book Keeping
Removal of Partner in Partnership Firm
Change in Partnership Agreement
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