LLP Turnover Limits and Tax Audit Requirements in India Introduction Every Limited Liability Partnership (LLP) in India must maintain accurate books of accounts, file annual returns, and comply with tax reporting rules laid down by both the Ministry of Corporate […]
Tax Benefits of LLPs and How to Maximize Them? Introduction Limited Liability Partnerships (LLPs) have become increasingly popular in India’s dynamic business environment. Known for their flexibility and tax-efficient structure, LLPs are an attractive option for small and medium-sized enterprises […]
Audit of LLP: Types, Eligibility, Report, Benefits Introduction Every Limited Liability Partnership (LLP) registered in India must comply with certain audit requirements based on its turnover, income, or capital contribution. An Audit of LLP ensures that the firm’s financial statements […]
Annual Compliance Calendar of LLP 2025-26: Form 8, Form 11, ITR and DIR 3 Introduction As the new financial year 2025-26 begins, it’s crucial for LLPs in India to follow government rules by filing important forms like Form 8 and […]
Tax Statutory & Compliance Calendar for the Month of September 2024 Managing important tasks and deadlines can be tough for businesses, but a compliance calendar makes it easier by organizing important dates. It helps companies stay on track with their […]
Essential Elements For LLP Annual Compliance Introduction Filing annual compliances is a legal duty for every LLP, regardless of its size or revenue. Even if no business activity has taken place, the law mandates timely submissions. These filings are essential […]
What is a borrowing clause? What details should the borrowing clause of an LLP agreement include? Introduction An LLP can borrow money from its partners, banks financial institutes, etc. The partners of the LLP should include a borrowing clause in […]
How to Remove a Partner from LLP? Introduction Partners manage a Limited Liability Partnership. The partners lead the Limited Liability Partnership in the direction of its objectives and vision, from management through operation. The status of the LLP is unaffected […]
What is LLP Form 4, who can file it? And Document Required for Filing LLP Form 4 Introduction As per the LLP Act of 2008, an LLP must file Form 4 and Form 3 to make any structural changes. Form […]
