What is Annual Compliance for LLP ?
Limited Liability Partnership registered in India has to comply with the laws provided by Limited Liability Partnership Act,2008. As per the law every LLP has to file Annual Return with in 60 days of end of financial year and Statement of Financial Statement with in 6 months of end of financial year.
Limited Liability Partnership has to also file Income Tax return every year in addition to MCA return.
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Register Compliance for LLP @Rs. 7999/-
LLP FORM 8
Form 8 must be filed within 30 days from the end of 6 months of the financial year along with some prescribed fee. This must be digitally signed by 2 designated partners and it must be certified by a chartered accountant/company secretary/cost accountant. Form 8 has contains Statement of Solvency, Statement of Accounts and Statement of Income & Expenditure.
LLP TAX AUDIT
LLPs are separate legal entities. Therefore, it is the responsibility of the Designated Partners to maintain proper book of accounts and file annual return with the MCA each financial year. LLPs are not required to audit its accounts unless the annual turnover exceeds Rs.40 lakhs or if the contribution exceeds Rs.25 lakhs.
INCOME TAX RETURN FILING
LLPs must file income tax return using Form ITR 5. Form ITR 5 can be filed online through the income tax website using the digital signature of the designated partner. The deadline for LLP tax filing in India is July 31st if tax audit is not required. LLP whose turnover exceeded Rs. 40 Lakh or whose contribution exceeded Rs. 25 Lakh are required to get their accounts audited by a practising Chartered Accountant.
Advantages of Annual Compliance for LLP
MCA Annual return filing
Income tax return filing
Procedure For Annual Compliance for LLP
Complete our Simple Form
You are required to fill details in our simple online questionnaire and submit documents.
We give you Legal Consultation
We will create all the required documents and file them with ROC on your behalf.
Your work is completed
Price For Annual Compliance for LLP
Ready to Go
All Inclusive Fees
Bookkeeping, financial statement preparation, annual report / director’s report / board resolution preparation, MCA annual return filing, income tax return filing, Quick Books accounting software for a company with a turnover of less than Rs.40 lakhs per annum.
Frequently Asked Questions
For ROC return LLP has to fill 2 forms every year. These forms are Form-8 and Form-11.
Form-8 contains statements of Accounts & Solvency . It must be filled by 30st October of each year.
Form-11 contains details of partners and contribution received from each partner. It must be filled by 30th May of each year.
Designated partners are responsible for management and execution of all acts and compliance of LLP whereas Partners are only responsible for making contribution in LLP.
Yes there is penalty of Rs. 100 per day from date of delay till the form is filled with ROC.
By appointing us for managing all compliances; entrepreneur can focus on his core capabilities of running the business ;rest all other statutory requirements will be taken care of by us.