Partnership Firm Compliance and Annual Filings — Registered. Reconciled. Filed.
Compliance support for partnership firms covering the deed, the tax filings, partner accounts and the annual close.
Book Free ConsultationA partnership firm carries fewer filings than a company, which is exactly why its compliance tends to drift. There is no registrar chasing an annual return, so gaps in the deed and in the partner accounts go unnoticed until an assessment or a partner exit brings them out.
At N D Savla & Associates, we look after partnership firms in Nashik and across Maharashtra — keeping the deed current, the partner accounts reconciled and the tax filings on time.
The deed is the document that matters most. Remuneration and interest to partners are deductible only within what the deed authorises, so a deed that has not been updated since the firm changed its profit sharing quietly costs the firm money every year.
Our Partnership Compliance Services
Firm Registration
Registration of the firm and recording of its particulars with the Registrar of Firms.
Deed Drafting and Amendment
Drafting of the partnership deed and of supplementary deeds on any change.
Partner Account Maintenance
Maintenance of capital and current accounts for each partner.
Remuneration and Interest
Computation of partner remuneration and interest within the deed and the tax limits.
Income Tax Return Filing
Preparation and filing of the return of income of the firm each year.
Tax Audit Support
Support with tax audit where the firm crosses the applicable threshold.
GST and TDS Compliance
Periodic returns and deductions arising from the firm’s operations.
Admission and Retirement
Documentation and accounting on admission, retirement or death of a partner.
Our Partnership Compliance Process
Deed Review
The existing deed is read against how the firm actually operates today.
Partner Account Reconciliation
Capital and current accounts are reconciled and agreed with each partner.
Periodic Compliance
Monthly and quarterly returns and deductions are handled through the year.
Year-End Close
Accounts are finalised, remuneration is computed and the audit is completed if required.
Return Filing
The return of income is filed and the position for the next year is set up.
Why It Matters
Frequently Asked Questions
Running a partnership firm?
Send us the deed and last year’s accounts — we’ll tell you what needs updating before year end.
