What is LLP Annual Filing?

Limited liability partnership is a partnership with limited liability. Every LLP which is registered with the Ministry of Corporate Affairs have to file the Annual Returns and Statement of Accounts every year and that is annual filing for LLP.

What are the mandatory compliances of LLP?

There are mainly 3 compliances which are mandatory for every LLP to comply for any financial year.

a) Annual Return for LLP (Form 11)

b) Financial Statements of the LLP (Form 8)

c) Income Tax Returns Filings.

What if I have not undertaken any business during the year? Do I still need to file returns?

Yes, every LLP has to mandatorily file Annual Returns and financial statements with the Ministry even if they are not doing any business. It is a compulsory requirement of law that even NIL returns should be filed.

What is the Audit Requirement for LLP?

Audit under LLP Act: Only those LLP whose annual turnover exceeds Rs. 40 lakhs or whose contribution exceeds Rs. 25 lakhs are required to get their accounts audited.

What is the due date for filing of Statement of Accounts and LLP return filing?

Filing of Annual Return (Form 11): Annual Return or Form 11 is a Summary of all the Designated Partners like whether there are any changes in the management of the LLP or not. Every LLP is required to file Annual Return in Form 11 to the Registrar within 60 days from the closure of financial year i.e. Annual Returns have to be filed on or before 30th May every year.

Filing of Statement of Accounts (Form-8): Every LLP is required to prepare and close its accounts until the 31st March every year. From 8 is to be filed by at least two Designated Partners with the Registrar within 30 days after completion of six months of Financial Year. Accordingly, 30th October is the last date for filing annual accounts every year.

What are the Income Tax Compliance of LLP??

Income Tax Return: Every LLP has to file Income Tax Returns every year. The last date for filing of return for LLP is 31st July every year. However, any LLP under tax audit is required to file its Income tax return by 30th September.

LLP Audit requirements: Every LLP whose turnover exceeds INR 2 Cr. in case of a business or INR 50 Lakh in case of a profession, is required to get its books of accounts tax audited under section 44AB of the Income-tax Act. Such audit will have to be completed and filed by 30th September.

Which Cities do you provide your services?

Ebizfiling.com provides LLP Annual Filing all across India. You can obtain LLP Annual Filing in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur or any other cities easily with us.

Still, have confusion?

Don’t worry!! Our expert will help you to choose a best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us @+91 9643 203 209.