Essential Elements for LLP Annual Compliance

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1. Filing of Form 11 

Annual return with partner details must be filed by 30th May every year via Form 11.

2. Filing of Form 8

Must file Form 8 by 30th Oct with financials and solvency declaration of the firm.

3. Proper Bookkeeping

Must maintain clear financial records on cash or accrual basis for accurate reporting.

4. Audit Requirements

Audit is mandatory if turnover exceeds ₹40L or capital contribution exceeds ₹25L.

5. Income Tax Return Filing

ITR-5 must be filed annually by 31st July or 31st Oct, depending on audit applicability.

6. DPIN and DSC Validity

Ensure Designated Partner’s DPIN is active and DSC is valid for timely form submissions.

7. Compliance with Other Applicable Laws

Fulfill other applicable laws like GST, TDS, PF, and ESI based on business activity.

8. Income Tax Return (ITR)

Annual ITR filing is mandatory to report LLP income and claim deductions if eligible.

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