Q1. Do partners also need to file separate returns?
Yes. Each partner must file their own individual tax return reflecting their share of profit from the partnership.
Q2. What happens if the partnership has no profit?
You still must file a zero-income return to maintain compliance.
Q3. Can the partnership file online?
Yes. We handle online submission through the NBR e-return system.
Q4. Is there a penalty for late filing?
Yes. Penalties apply if you miss the NBR filing deadline — we ensure timely submission.
Q5. Do I need an audit report?
Yes, if your firm’s turnover exceeds the audit threshold — we can help prepare it too.