Tax Compliance and Tax Optimisation Strategy
A Partnership Firm must comply with Income Tax Law, Goods and Services Tax (GST) Law, and other applicable acts depending on the industry. The following tax compliances are mandatory:
- GST Monthly/Quarterly Returns
- TDS & TCS Compliance
- Tax Audit (if turnover exceeds the limit specified under the Income Tax Act)
- Finalisation of Accounts and Filing of Income Tax Returns
- Filing of SFT under Section 285BA
- Computation of AMT & Book Profit
- Transfer Pricing Compliance
- Tax Planning and Optimisation within the legal framework
With proper tax compliance and strategic tax planning, “Rule Infinity” helps partnership firms minimise tax liabilities while ensuring adherence to all legal regulations.
