Partnership Deed Drafting
Deed for new firms, admission or retirement of partners and reconstitution
- 1AgreeTerms between partners finalised.
- 2DraftDeed prepared and stamped.
- 3RegisterFiled with the Registrar of Firms.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About Partnership Deed Drafting
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
A partnership deed records the firm's name, business, capital contributions, profit-sharing ratio, partners' duties, and what happens on admission, retirement or death of a partner. For tax, it must authorise and quantify partners' salary and interest on capital — interest is deductible up to 12% a year and remuneration within Section 40(b) limits only if the deed provides for it. The deed is stamped and the firm can be registered with the state Registrar of Firms.
Unregistered firms can't sue third parties to enforce contracts under Section 69 of the Partnership Act, so registration is strongly advisable. Banks and GST also ask for the deed.
We draft deeds that work for tax as well as law: remuneration clauses that track the Section 40(b) limits, interest on capital, drawings, and exit mechanics. Changes are recorded through a supplementary or reconstitution deed.
| Law | Indian Partnership Act 1932 |
|---|---|
| Interest on capital | Deductible up to 12% a year if authorised |
| Partner remuneration | Deductible within Section 40(b) limits if authorised |
| Registration | Registrar of Firms of the state (advisable) |
| Changes | Supplementary / reconstitution deed |
Who this is for
Common scenarios where this service is a good fit.
- New partnership firms
- Firms admitting or retiring partners
- Firms whose deeds don't support tax claims
What you get
Clear deliverables so you know exactly what's included.
- Deed drafting
- Tax-aligned remuneration and interest clauses
- Stamping guidance
- Registration with Registrar of Firms
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Terms between partners finalised.
Deed prepared and stamped.
Filed with the Registrar of Firms.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
Fee adjusted against our service fee if you go ahead within 30 days.
- Priority CA Call-backSkip the queue — a CA calls you within 30 minutes.₹255
- RecommendedCA Consultation (30 min)Talk one matter through properly with a CA.₹755
- In-depth CA Review (60 min)Documents reviewed before the call, written action plan after.₹1,155
Call-backs run Mon–Sat, 9 AM–6 PM IST. Booked outside these hours? We call you first thing the next working morning.
Compare the 3 plansFrequently asked questions
Answers to the most common questions we get.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
