What are business compliances in India?

Business compliances are mandatory statutory filings and regulatory obligations prescribed by authorities such as MCA, Income Tax Department, GST authorities, and labour departments.

Is ROC compliance mandatory for all companies?

Yes, all registered companies including Private Limited, OPC, LLPs, and Public Limited Companies must file periodic ROC compliances to remain legally active.

What happens if business compliances are missed?

Missing compliances can result in heavy penalties, late fees, director disqualification, legal notices, and business restrictions.

Are compliances different for LLP and Private Limited Company?

Yes, LLPs and Private Limited Companies have different compliance structures, forms, and filing timelines as per MCA regulations.

Does TRAX provide ongoing compliance management?

Yes, TRAX offers end-to-end ongoing compliance management including tracking, reminders, filings, and expert support.

Partnership Compliance Services

A Partnership Firm must comply with income tax, GST, and other statutory requirements to remain legally valid. TRAX helps partnership firms manage all ongoing compliances accurately and on time.

✓ Income tax compliance ✓ GST filings ✓ Partnership deed aligned

What Are Partnership Firm Compliances?

Partnership firm compliances include annual income tax return filing, GST return filing (if registered), TDS compliance, and maintaining financial records as per the partnership deed and tax laws.

Key Partnership Firm Compliances

Income Tax Return (ITR-5)

Mandatory annual income tax filing for partnership firms.

GST Returns

Monthly or quarterly GST filings if registered.

TDS Returns

TDS filing on salaries, payments, or contracts.

Tax Audit

Tax audit if turnover exceeds prescribed limits.

Profit Distribution Compliance

Profit sharing as per partnership deed.

Accounting & Books

Maintenance of proper books of accounts.

How TRAX Manages Partnership Compliances

Review partnership deed & registrations

Create compliance calendar

Timely tax & GST filings

Ongoing reminders & expert support

Manage Your Partnership Firm Compliances with TRAX

Share your details and our experts will help you keep your partnership firm fully compliant.