Quick start a new Partnership Firm at just INR 2,499^*

Partnership Firm can be set up with two or more persons as partners. Forming a Partnership Firm is inexpensive and suitable for business wherein two or more persons want to establish small or mid-size business. A Partnership may also be registered with jurisdictional Registrar of Firm (ROF), however, it is not compulsory to get the partnership registered.

Non-Resident Indian (NRI) or Person of Indian Origin (PIO) are also allowed to invest in Partnership Firm subject to certain business prohibitions. However, foreign nationals other than NRI / PIO are prohibited to form Partnership Firm in India.

How to form a Partnership Firm in India?

General procedural requirements for incoporating a Partnership Firm in India is as below:

1. Forming a Partnership Deed

2. Getting the Partnership registered with Registrar of Firm (Optional)

3. Applying for of Permanent Account Number (PAN) and Tax Deduction / Collection Account Number (TAN) for income tax compliances

4. Applying for Goods & Service Tax Identification Number (GSTIN)

What are annual / periodical compliances required for a Partnership Firm?

Below is general list of periodical / annual compliances required by a Private Limited Company in India:

1. Availing tax audit report from a Chartered Accountant (if applicable)

2. Filing annual Income Tax Return (ITR) 

3. Filing quarterly Tax Deduction or Collection at Source (TDS / TCS) return (if applicable)

4. Filing monthly / quarterly GST return (if applicable)

PARTNERHSIP FIRM

with NRI partners

incorporation package:

1 DSC

Partnership Deed

PAN, TAN

ROF Registration (Optional)

Post incorporation support

FEMA compliances

@ INR 19,999* only

PARTNERSHIP FIRM

incorporation package:

Partnership Deed

PAN, TAN

ROF Registration (Optional)

Post incorporation support

@ INR 2,499* only