Partnership Firm Compliance
No ROC filing, but the tax and GST obligations remain.
A partnership firm has no MCA obligations, which leads partners to assume it has none. It still files ITR-5, still files GST returns where registered, still deducts and reports TDS, and still needs a tax audit above the turnover threshold.
The firm-specific trap is section 40(b). Partner remuneration and interest above the statutory caps are disallowed and taxed in the firm, and this is usually discovered at assessment rather than at payment.
Changes to the constitution — a partner joining or leaving, a change in profit shares — need a supplementary deed, and where the firm is registered, notification to the Registrar of Firms.
What is included
- ITR-5 with the section 40(b) check
- GST returns and reconciliation
- TDS returns and Form 16A
- Supplementary deeds and Registrar of Firms updates
What we need from you
- Partnership deed and any supplementary deeds
- Books of account and bank statements
- Partner capital and current account details
- GST and TAN registration details
Questions
Does a partnership firm file an annual return with the ROC?
No. A partnership is not registered with the MCA, so there is no AOC-4 or MGT-7. Its obligations are the income tax return, GST returns where registered, and TDS — plus notifying the Registrar of Firms of constitutional changes if the firm is registered.
Also in Compliance & payroll
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Get started with Partnership Firm Compliance
Tell us a little about the business and a chartered accountant will call you back. You will get a firm quote before any work begins.
- A qualified accountant on the call, not a call centre
- A firm quote before any work begins
- Your details are never sold or shared