
Partnership firms file ITR-5 and issue Form 16A to partners for salary or interest where applicable. Profit shares are reported in partner returns.
Key compliance points
- Maintain books if turnover or profit triggers audit
- Partner capital and current account schedules
- TDS on partner remuneration and interest
- Align firm books with GST returns
Register your firm via our partnership registration service and file through ITR-5 filing.
Need professional help in Coimbatore? Future Tax offers GST, income tax, audit, and company registration. Call +91 94454 38387.
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