In India, partnership can be either registered or unregistered. The registered partnership has some benefits which an unregistered partnership may not. However, both can do business, but the liability of the partners will be unlimited.

1. Create Partnership Deed: Draft a partnership deed outlining the terms and conditions agreed upon by all partners. It should include details like the name of the firm, nature of the business, profit-sharing ratio, capital contribution, etc. It’s advisable to consult a lawyer for this document.
2. Registration: Partnership registration is not mandatory but highly recommended. To register:
   • Obtain the prescribed form from the Registrar of Firms.
   • Submit the filled form along with the partnership deed, proof of address, identity proofs of partners, and the prescribed fee.
   • After verification, the Registrar will issue a Certificate of Registration.
3. Obtain PAN and TAN: Apply for a PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) for the partnership firm from the Income Tax Department.
4. GST Registration: If applicable, the firm may apply for registration of Goods and Services Tax (GST) with the GSTN portal,
5. Bank Account: Open a bank account in the name of the partnership firm using the registration certificate, PAN, and other required documents.
6. Other Registrations: Depending on the nature of the business, you might need to register professional tax, ESI (Employee State Insurance), etc.

Documents Required for Partnership Registration:

1. Partnership Deed: Duly signed by all partners.
2. Address Proof: Rental agreement, utility bills, etc.
3. Identity Proof: Aadhar card, passport, voter ID, etc., of all partners.
4. PAN Card: Partners’ PAN cards.
5. Passport-sized photographs of the partners.

Points to Remember:

• Partnership Act Compliance: Ensure compliance with the Indian Partnership Act, 1932.
• Income-tax Act, 1961: Ensure the partnership deed must include interest and other relevant clause.
• Stamp Duty: Pay applicable stamp duty on the partnership deed.

Costs Involved:

• Registration fees vary across states but are relatively affordable compared to other business structures however, the cost may vary depending upon the type of partnership like: Unregistered Partnership, Registered partnership, or Limited liability Partnership. For specific details and current procedures, you can take help of our professionals on partnership firm registration in India.