Partnership Firm — Simple to Start. Structured to Last.
Register a Partnership Firm in India with CA-drafted Partnership Deed, Registrar of Firms filing, PAN registration, and GST and compliance advisory tailored to your business.
Contact UsA Partnership Firm is one of the oldest and simplest business structures in India, governed by the Indian Partnership Act, 1932. It is formed when two or more persons agree to carry on a business together and share profits and losses in an agreed ratio. The firm is not a separate legal entity — it operates through its partners, who collectively own the firm's assets and are jointly and severally liable for its obligations.
While registration of a partnership firm with the Registrar of Firms is not mandatory under the Act, an unregistered firm cannot file a suit in a court of law to enforce rights arising from a contract. A registered firm also gains credibility with banks, clients, and government departments and is required for GST registration and PAN. The Partnership Deed — the foundational document — must be carefully drafted to cover profit sharing, partner remuneration, capital contributions, and dissolution clauses.
From a tax perspective, a registered partnership firm is taxed at a flat 30% on its net profits, with working partner remuneration and interest on capital deductible within Section 40(b) limits. We draft the Partnership Deed, handle registration with the Registrar of Firms, apply for PAN and GST, and advise on income tax compliance for the firm and its partners.
Our Partnership Services
Partnership Deed Drafting
Drafting of a comprehensive Partnership Deed covering business objects, capital contributions, profit sharing ratio, partner remuneration, and dissolution clauses.
Registrar of Firms Registration
Filing of the application with the Registrar of Firms in the relevant state for registration of the partnership firm under the Indian Partnership Act, 1932.
PAN Registration for Firm
Applying for and obtaining the Permanent Account Number (PAN) for the partnership firm with the Income Tax Department.
GST Registration
GST registration of the partnership firm if turnover exceeds the threshold or if the business requires mandatory GST registration.
Bank Account Opening Assistance
Assistance in compiling the required documents for opening a current account in the firm's name with the bank of your choice.
Section 40(b) Remuneration Advisory
Advisory on the maximum permissible partner remuneration and interest on capital allowable as deduction under Section 40(b) of the Income Tax Act.
Deed Amendment for Changes
Drafting and registration of a supplementary deed for any changes in partners, profit-sharing ratio, capital, or other terms of the existing deed.
Income Tax Return Filing
Preparation and filing of the partnership firm's income tax return (ITR-5) along with individual partner returns reflecting remuneration and interest income.
Our Process
Partner KYC & Business Understanding
We collect identity and address proofs of all partners and understand the nature of the business, capital structure, and profit-sharing requirements.
Partnership Deed Drafting
A comprehensive Partnership Deed is drafted covering all required clauses including remuneration, interest on capital, and dissolution provisions.
Stamp Duty & Notarisation
The deed is executed on stamp paper of appropriate value as per the state's stamp duty schedule and notarised.
Registrar of Firms Filing
The application with the executed deed is filed with the Registrar of Firms for registration and a Certificate of Registration is obtained.
PAN, GST & Bank Account Setup
PAN is applied for, GST registration is handled if required, and documentation for bank account opening is compiled.
Why It Matters
Frequently Asked Questions
Ready to register your Partnership Firm?
We draft the Partnership Deed, handle Registrar of Firms filing, PAN, GST registration, and ongoing tax compliance — so your firm is set up correctly from day one.
