Company Secretary In Tambaram

Company Secretary In Tambaram

Partnership Firm Tax Return Filing

Partnership firms in India can be divided into two categories namely, registered partnership or unregistered partnership.

Partnership Tax Rate

Partnership firms are liable to pay income tax at the rate of 30% of total income and education cess 4%.. In addition to the income tax and surcharge, a partnership firm must pay education cess and secondary higher education cess.

Partnership Firm Tax Return Filing

Partnership firms are required to file income tax return in form ITR 5

Partnership Firm Tax Return Due Date

The income tax return due date for most partnership firms is July 31 of the assessment year. Partnership firms required to get its accounts audited under the income tax Act must file the income tax return before the September 30th deadline.