Partnership Firm
    WE OFFER

    We offer a spectrum of services to domestic and foreign companies which includes Company Registration & their Annual Compliances, Secretarial & Legal assistance, MIS & Data Analytics, Business Intelligence & Interactive dashboarding, Accounting & Bookkeeping and Business Process Outsourcing. We are a team of professionals with competitive pricing. You may register your query through ‘Chat with us’ at the bottom of this page or send us an e-mail on [email protected] or find our details on ‘Contact us’ page. Our Specialist Advisor will get back to you in 2-3 working days.

    O

    nce a Partnership firm is formed, there are certain annual compliances that need to be adhered to. These annual compliances provide coverage to various laws and statutes in India and non-compliance may lead to severe penalties. There are certain prescribed timeframes within which adherence is required. The laws which prominently require compliances are

    • Income tax Act
    • Goods & Services Tax Act
    • Service Tax Act
    • Companies Act and
    • Rules framed by Reserve Bank of India

    All the filings are governed and regulated by Ministry of Corporate Affairs (MCA).

    We help our clients with all their annual compliance needs and have defined packages to meet their requirements at most competitive prices. In addition, we understand that it may not always be possible to avail all services. In that case, we have tailor made packages for you to pick and choose the service that is required during the year.

    Our Process
    DOCUMENTS REQUIRED
    ANNUAL COMPLIANCES
    OUR PRICING
    OUR PROCESS
    WE COLLECT DETAILS

    Please fill basic details in form & share required documents

    SIT BACK & RELAX

    Let us Do it for you. Do Nothing & collaborate with us

    compliances DONE

    We ensure Compliances are done timely and regular updates given

    This is what we do when YOU SIT BACK & RELAX

    • Review the documents and information provided
    • Apply for Digital Signature Certificate (DSC)
    • Check availability of company name with MCA
    • Draft Memorandum of Association (MOA)
    • Draft Articles of Association (AOA)
    • Draft all other incorporation documents
    • Reserve name with MCA
    • Apply for Directors Identification Number (DIN)
    • Apply for company incorporation with MCA
    • Apply for PAN and TAN of company
    DOCUMENTS REQUIRED
    Foreign Companies

    In case of NRI or Foreign National, documents of director(s) must be notarized and/or apostilled

    Latest Passport size photograph of Shareholders and Directors

    • Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors
    • PAN Card of shareholders and Directors
    • Foreign nationals must provide a valid passport

    Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors

    The above documents should not be more than 2 months old

    • Latest Electricity Bill/ Telephone Bill of the registered office address
    • No Objection Certificate to be obtained from the owner(s) of registered office
    • Rent Agreement of the registered office should be provided if any

    All other incorporation documents to be provided in soft copy

    ANNUAL COMPLIANCES

    Maintaining books of accounts as per Indian GAAP

    Partnership firms involved in carrying on a specified profession would be required to maintain book of accounts as per Income Tax Act, if gross receipts is more than Rs.1.5 lakhs in all three previous years. In case a partnership firm is receiving income profession (other than specified profession), book of accounts must be mandatorily maintained if income exceeds Rs.2.5 lakhs in any one of the three years previous year. In case a partnership is involved in business, then maintenance of books of account is mandatory if total sales turnover or gross receipts exceed Rs.25 lakhs in any one of the three preceding years

    Partnership Agreement

    Registration of partnership deed is optional and the deed can be registered at any time through an application with the Registrar of Firms that has jurisdiction where the firm is situated or proposed to be situated

    Registered Office

    A Partnership firm must have its registered office within 30 days from the date of incorporation and all the times thereafter

    Letterheads

    Letterheads should have few mandatory fields as name, address, Phone No, Fax, etc

    Bank Account

    Bank account of the firm has to be opened on incorporation

    Forms

    These forms have to be submitted

    Partnership Firm Registration Form I
    Change in Partnership Firm in terms of name/ principal place of business/ nature of the business Form II (within 90 days)
    For Branch Opening and Closing Form III (within 90 days)
    Change in the Details of Partners Form IV (Within 90 days)
    Change in Constitution or Dissolution Form V (Within 90 days)
    In case minor becomes major and wants to become a partner Form VI (Within 90days)

     

    TAN

    Applying TAN of the firm on signing deed

    PAN

    Applying PAN of the firm on signing deed

    TDS return

    A TDS Return is submitted on a quarterly basis to Income Tax Department. It is a summary of all the transactions related to TDS made during a quarter

    Income tax return

    Partnership firms are required to file their income tax return using Form ITR 5

    GST Registration

    Entities required to register for GST as per regulations must file for GST application within 30 days from the date on which the entity became liable for registration under GST

    GST returns

    GST returns have to filed on monthly, quarterly and annual basis

    Tax audit

    Every firm whose turnover exceeds INR 2 Cr. in case of a business or INR 50 Lakh in case of a profession, is required to get its books of accounts tax audited under section 44AB of the Income-tax Act

    Transfer pricing rules and certificaion would be required

    Any individual/company/LLP which has undertaken an international transaction with an associated enterprise is required to maintain documentation as per the rules. Also, any individual/company/LLP which has entered into an international transaction during a previous year is required to obtain an Accountant’s Report and furnish report before 30th November of the financial year

    OUR PRICING
    basic
    ₹9,999
    onwards
    Turnover upto 10 lacs
    Book Keeping
    Financial Statement preparation
    Annual Return
    Income Tax Return
    CA Assistance 3 years experience
    10% discount on all services
    new
    standard
    Most Preferred
    ₹19,999
    onwards
    Turnover upto 25 lacs
    Book Keeping
    Financial Statement preparation
    Annual Return
    Income Tax Return
    CA Assistance 3 years experience
    10% discount on all services
    GST returns quarterly
    TDS returns
    15% discount in Business Process Outsourcing Services
    Premium
    ₹29,999
    onwards
    Turnover more than 25 lacs
    Book Keeping
    Financial Statement preparation
    Annual Return
    Income Tax Return
    CA Assistance 3 years experience
    10% discount on all services
    GST returns quarterly
    TDS returns
    15% discount in Business Process Outsourcing Services
    Drafting Finance policies
    Drafting HR policies
    20% Discount on MIS

    WHAT OUR CUSTOMERs SPEAK

    Puneet Srivastav
    Puneet Srivastava
    Helium
    Australia

    It has been an absolute delight working with Manish and Stairfirst to support the set up and managing the compliance requirements for our Indian subsidiary. The team is super responsive, best at their game and acts as a trusted partner to guide you through the complex maze of regulatory needs. They have also been accommodating in some extra services we have requested few times at very competitive price. I will highly recommend working with them.

    Emma
    Emma Jones
    Disruptive Hiring
    United Kingdom

    Stairfirst helped us set up Indian subsidiary of our UK Company in timely manner. They understood what we needed and got on with it. StairFirst has become a trusted partner which takes care of all our Annual compliance, RBI Clearances, Income tax and Corporate compliances, Accounting and Payroll services. I am extremely happy to recommend their services.

    Alok Profile pic 2
    Alok Alamban
    Entrepreneur
    Canada

    Team at Stairfirst is always responsive. Their knowledge on regulations and processes is amazing. This is crucial when making decisions while setting up a new business. Our experience with them has been positive. We look forward to continued relationship. Wishing the team more success ahead.

    Connect with us
    OUR OFFICE
    438, Fourth Floor, Spaze i Tech Park, Sohna Road, Sector 49, Gurugram - 122 018, India
    OUR EMAIL
    Drop us an email at
    [email protected]
    Support
    'CHAT with us' or
    call us at +91 99718-86104