Partnership Firms and LLPs file income tax returns using Form ITR-5 under the Income Tax Act, 1961. These entities are taxed at a flat rate of 30% + applicable cess on total income. Key compliance aspects include partner remuneration & interest deductions (subject to Section 40(b) limits), presumptive taxation options under Sections 44AD/44ADA, and tax audit requirements if turnover exceeds prescribed thresholds. We ensure accurate computation, optimal partner allocations, and full MCA-IT reconciliation.