Partnership/LLP ITR.
We prepare and file ITR-5 for partnership firms and LLPs, or ITR-4 for resident firms (other than LLPs) using the presumptive scheme. The return is built from the firm's accounts, with partners' remuneration and interest tested against the deed and the limits in the Act, so the firm's return and each partner's return agree.
Typically 5–10 working days after the accounts are final; a tax audit, the number of partners and changes to the deed during the year drive the time.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Registered and unregistered partnership firms
- Limited liability partnerships, including those with no turnover
- Professional firms such as consultancies, architects and medical practices
- Firms that need a tax audit
What you receive at the end.
- 01Tax computation with the partner remuneration working
- 02Filed ITR-5 or ITR-4 with acknowledgement
- 03Partner-wise statement of remuneration, interest and profit share
- 04Tax credit reconciliation with Form 26AS and AIS
Partnership/LLP ITR, step by step.
Typically 5–10 working days after the accounts are final; a tax audit, the number of partners and changes to the deed during the year drive the time.
- 1
Deed and accounts
We review the partnership deed or LLP agreement and the year's accounts, including partners' capital accounts.
- 2
Partner payments
We check remuneration and interest paid to partners against the deed and the statutory limits, and compute the allowable amounts.
- 3
Tax computation
We compute taxable income and any alternate minimum tax, and reconcile TDS, advance tax and GST turnover with Form 26AS and AIS.
- 4
File and verify
We file the return, verified by the designated or managing partner, with a digital signature where a tax audit applies.
- 5
Partner statements
We share each partner's remuneration, interest and profit share so their personal returns match the firm's.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Partnership deed or LLP agreement, with any amendments
- Financial statements, trial balance and partners' capital accounts
- Tax audit report, where applicable
- Bank statements and GST returns
- TDS certificates and advance tax challans
- PAN of the firm and all partners
- Digital signature of the signing partner
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Partnership/LLP ITR.
Ready to discuss Partnership/LLP ITR?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.