Income Tax Return for Partnership Firm: Partnership ITR

Income Tax Return for Partnership Firm, although similar to a regular return, requires specific steps due to the absence of income to report. This guide outlines the process for filing a nil return electronically, highlighting crucial aspects like the designated form, essential details, and verification methods.

How to file a Nil Income Tax Return for Partnership Firm?

Filing a nil income tax return for partnership firm involves an analogous process to filing a regular income tax return, but with zero income to report. Here is how you can file a nil income tax return for partnership firm and gain the applicable income tax return form for partnership firms.

In India, partnership firms typically file their returns using Form ITR-5.  Fill out the details of the partnership firm directly, including the PAN (Permanent Account Number), name, address, and other necessary information.

In the income details section, report the income earned during the fiscal year as zero across all applicable heads of income, including profits and gains from business or profession.  Declare any carried forward losses or other deductions, if applicable.

Ensure that all applicable schedules and annexures are attached as per the instructions provided with the income tax return form. Corroborate the return using the specified methods, like digital signature, Electronic Verification Code (EVC), or transferring an inked physical dupe to the tax department, depending on the chosen mode of filing.  Submit the return within the due date specified by the tax authorities.

Which ITR is to be filed for a Partnership Firm?

Partnership firms generally file their income tax returns using Form ITR-5.

Form ITR-5 is specifically designed for firms, Limited Liability Partnerships (LLP), Associations of Persons (AOP), and Body of Individuals (BOI) to declare their income, deductions, and taxes outstanding to the tax authorities. It includes colourful sections to report income from business or profession, capital gains, income from other sources, and details of partners or members.

Is DSC mandatory for Income Tax Return for Partnership Firms?

Yes, a Digital Signature Certificate (DSC) is obligatory for partnership firms while filing income tax returns online. A DSC serves as an electronic signature, providing authenticity and security to the documents submitted online.

It ensures that the return filed online is fairly valid and has been authenticated by the authorized signatory of the partnership firm. Without a DSC, the online filing process cannot be completed for partnership firms. Know the importance of DSC for Income Tax.

Can we file ITR-4 for the Partnership Firm?

No, Form ITR-4 doesn’t apply to partnership firms.

Form Income Tax Returns-4 is meant for individuals, Hindu concentrated Families (HUFs), and firms (other than LLPs) having income from reasonable business or profession. Since partnership firms aren’t eligible to opt for the reasonable taxation scheme under Section 44AD of Income Tax Act, they cannot file their returns using Form ITR- 4.

ITR Filing service in Bangalore

How to generate ID for Income Tax Return for Partnership Firms?

To generate the user ID and password on the Income Tax Department’s e-filing portal for a partnership firm, follow these steps;

  • Visit the Income Tax e-filing portal.
  • Click on the ‘Register yourself’ option if you’re a new user or ‘Login then’ if you formerly have an account.
  • Select the Firm option from the drop-down menu and enter the required details such as PAN, name of the establishment, date of objectification, etc.
  • Choose a user ID, password, and security question- answer for authentication purposes.
  • Click on ‘Submit’ button.
  • Upon successful registration, an activation link will be sent to the registered email ID.

What is the deadline for filing Partnership Tax Returns?

The deadline for Income Tax Return for Partnership Firm, like other income tax returns, varies depending on the jurisdiction and the type of partnership firm. In India, for example, the due date for filing income tax returns for partnership firms is typically on or before the 30th of September of the assessment year for which the return is being filed.

Still, it’s essential to verify the specific due date for filing returns each year as it may be subject to change grounded on notifications issued by the tax authorities. Non-compliance with the filing deadline may attract penalties and interest as per the provisions of the Income Tax Act. Thus, it’s judicious for partnership firms to file their tax returns well within the prescribed deadline to avoid any repercussions.


In conclusion, understanding the mandatory use of Form ITR-5 for filing an Income Tax Return for a Partnership Firm, the importance of a Digital Signature Certificate for online filing, and the distinction between ITR-4 is crucial for partnership firms. Generating login credentials on the Income Tax e-filing portal and emphasizing the importance of adhering to the specified deadline for filing returns to avoid penalties.

Consult 24efiling seeking expert assistance for a smooth and hassle-free filing experience.


1. How does a partnership firm file its income tax return?

Form ITR-5 is used by partnership businesses to file their income tax return, which includes information on income, deductions, and taxes due. They can electronically file by utilizing the e-filing system of the Income Tax Department, uploading pertinent documents, and authenticating their submission with a DSC.

2. Is it mandatory for a partnership firm to file an income tax return even if it has no taxable income?

Yes, even if a partnership business has no taxable revenue, it is still required to submit an income tax return. Tax law compliance is ensured and fines for non-filing are avoided by filing a zero return.

3. What is the due date for filing an Income Tax Return for Partnership Firm?

September 30 of the assessment year is often the deadline for filing an Income Tax Return for Partnership Firm. The precise date must be confirmed annually, though, as it can change depending on announcements from the tax authorities.

4. Can a partnership firm opt for the presumptive taxation scheme while filing its income tax return?

No, Partnership businesses are not permitted to choose the Income Tax Act’s Section 44AD Presumptive taxation plan. They must thus use Form ITR-5 to file their returns and determine their taxable income per the standard regulations.

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