Overview
Partnership firms and LLPs file their own income-tax return (ITR-5), reporting firm income, partner remuneration and interest. Accurate filing keeps the firm and partners compliant.
CorpRaasta prepares the firm’s financials and files the return with correct treatment of remuneration and interest to partners.
What is Partnership / LLP ITR?
Partnership/LLP ITR filing is the submission of the income-tax return (commonly ITR-5) for a partnership firm or LLP.
Who needs it
Partnership firms
Limited Liability Partnerships
Firms with partner remuneration/interest
Entities needing compliant annual filing
Documents required
Firm PAN and partnership/LLP deed
Financial statements
Partner remuneration/interest details
Bank statements
Previous return (if any)
How it works
01
Prepare financials
We finalise the firm’s P&L and balance sheet.
02
Compute
Income, remuneration and interest are computed.
03
Prepare ITR-5
The return is prepared with disclosures.
04
E-file
The return is filed and verified.
Benefits
Accurate firm/LLP return filing
Correct partner remuneration/interest treatment
Compliant disclosures
Supports loans and tenders
Expert computation
HOW CORPRAASTA HELPS
What we do for you
Financial statement finalisation
ITR-5 preparation
Filing and verification