Tax Audit Requirements for LLPs Based on Turnover Limits in India Introduction Limited Liability Partnerships (LLPs) have gained popularity as a preferred business structure due to their flexibility, limited liability protection, and minimal compliance requirements. However, understanding the financial and […]

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 Auditing a Limited Liability Partnership (LLP) helps keep its financial records clear, accurate, and legal. Not all LLPs need a mandatory audit, but some must follow the rules under the LLP Act. […]

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 […]

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 […]

Removal of a Partner in a LLP – Reasons for removal of a Partners in Limited Liability Partnership  and “How to remove a partner from LLP?” Introduction Partners manage a Limited Liability Partnership. The partners lead the Limited Liability Partnership in […]

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 […]

What is LLP Form 3? Document Required And How to file form 3? Introduction Limited Liability Partnership (LLP) Form 3 is a crucial document that records the LLP agreement between partners, defining their roles, rights, and responsibilities. Filing this form […]