Partnership Firm Income Tax Return Filing (2025): Step-by-Step eFiling Guide & Due Dates

Filing income tax returns is not only a statutory obligation but also a financial discipline that every business must adhere to. For partnership firms, staying compliant with the Income Tax Act is crucial. Partnership firm income tax return filing 2025 involves several key steps, documentation, and deadlines that business owners must keep track of to avoid penalties and ensure smooth operations. In this blog, we’ll break down the process, due dates, and guide you through eFiling procedures for the current financial year.

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1. Understanding the Basics of Partnership Firm Taxation

A partnership firm, whether registered or unregistered, is liable to pay income tax under the provisions of the Income Tax Act, 1961. Unlike individual filings, partnership firms have distinct filing rules:

  • 30 percent flat tax on total income.

  • 12% surcharge if income exceeds ₹1 crore.

  • Health and education cess at 4% on tax amount.

Even if the firm reports a loss or no income, filing ITR is mandatory.

2. Who Needs to File ITR for Partnership Firms in 2025?

You must file income tax return if:

  • Your firm has earned income during FY 2024-25.

  • Your firm has incurred losses and you want to carry forward the loss.

  • Your firm needs to claim a refund.

  • You have audit obligations due to turnover exceeding limits set under section 44AB.

3. Documents Required for ITR Filing

The following documents should be kept on hand to facilitate the process:

  • PAN Card of the firm and partners

  • Partnership deed

  • Profit & Loss statement and Balance Sheet

  • Bank statements

  • Audit report (if applicable)

  • Tax payment challans (Advance Tax/TDS)

4. Step-by-Step eFiling Process for Partnership Firms

Now, let’s go through the eFiling process for partnership firm ITR in simple steps:

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Step 1: Create/Register on the Income Tax Portal

Log in or register your partnership firm on the income tax e-filing portal.

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Step 2: Choose the Correct ITR Form

For partnership firms, the applicable forms are:

  • ITR-5: For firms not claiming exemption under section 139(4A), 139(4B), 139(4C), or 139(4D)

Step 3: Fill Out the ITR Form

Manually or using software, enter the firm’s:

  • Income details

  • Partner’s share

  • Deductions

  • Tax paid (TDS, advance tax)

Step 4: Verify & Validate

Check for errors and validate all entries before submitting.

Step 5: Upload and Submit

Upload the final JSON or XML file and submit it using:

  • Digital Signature Certificate (DSC) – mandatory for firms requiring audit.

  • EVC – optional for firms not under audit.

Step 6: Acknowledgement (ITR-V)

Download and keep the ITR-V for your records. If filed without DSC, send a signed physical copy of ITR-V to CPC, Bengaluru within 30 days.

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5. Due Dates for Partnership Firm ITR Filing in 2025

Understanding the due dates for filing income tax returns is vital to stay compliant. The partnership firm tax filing due date 2025 varies depending on whether the firm is subject to audit requirements or international transactions.

The following are the main due dates to remember:

  • 31st July 2025 – For partnership firms not requiring audit under the Income Tax Act.

  • 31st October 2025 – For firms requiring audit under Section 44AB, i.e., firms with turnover exceeding the specified limit.

  • 30th November 2025 – For firms involved in international or specified domestic transactions requiring a transfer pricing audit.

To ensure timely compliance, it’s advisable to start the filing process well in advance of these deadlines.

copy of ITR-V to CPC, Bengaluru within 30 days.

6. Audit Requirements for Partnership Firms

Your firm needs an audit under Section 44AB if:

  • Gross receipts surpass ₹50 lakh (for professionals) or ₹1 crore (for businesses).

  • Declared income is lower than 8% or 6% under presumptive taxation (Sec 44AD/44ADA).

  • Opted out of the presumptive scheme after previous adoption.

Ensure your audit is completed before filing the ITR to avoid non-compliance.

7. Key Benefits of Timely Filing

Timely return filing helps in:

  • Avoiding penalties

  • Carrying forward business losses

  • Smoother loan processing

  • Establishing firm’s financial credibility

  • Claiming refunds if TDS is deducted

8. Common Mistakes to Avoid

  • Filing incorrect ITR form (Use ITR-5 only)

  • Delays in audit and late filing

  • Mismatch in TDS and income reported

  • Ignoring interest on capital or partner compensation

  • Not using DSC when required

Conclusion

With the government tightening tax compliance, every partnership firm must take its ITR filing seriously. By following this step-by-step eFiling guide, you can ensure smooth and timely submission. Don’t wait until the last moment—start early and get your records organized. Whether you're a seasoned firm or just starting out, understanding the partnership firm income tax return filing 2025 process will help you stay compliant and confident in your financial dealings.

If you're still unsure about how to file ITR for partnership firms online, consider taking expert help to avoid costly errors and make the process hassle-free. Visit https://compliancesarathi.in/  for more information.

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