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LLP Annual Returns
Every LLP must file returns on an annual basis. Make your LLP ROC compliant. Prices start at INR 1499/- only.
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What are LLP Annual Filing Compliances?
All you need to know
LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain a proper book of accounts and file an annual return with the MCA each financial year. LLP form 11, Form 8 & Income tax return are main compliances
LLP Annual Filing Forms:
Form 11:
Form 11 is a statement of annual return. 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.
Form 8:
Form 8 is a statement of accounts. 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 i.e. 30th October every year.
Late filing of such forms entail penalties of Rs. 100/- per day of default.
Important Update- File your LLP annual filings without any late fees- LLP Settlement Scheme, 2020
Earlier the Due date for the conclusion of the LLP Settlement Scheme 2020 was 30th September 2020, wherein the defaulting LLPs which have not filed various forms with ROC, are allowed to file the same without any late filing fees or penalties. Now the MCA has extended the due date for the conclusion of the scheme “LLP Settlement Scheme, 2020” (CFSS 2020) till 31st December, 2020. That means all the LLPs can file their pending Annual filing forms with ROC till 31st December, 2020 without any late filing fees or penalties.
LLP Annual Filing Compliance Calendar for your quick reference:
|
Form Type |
Described |
Due date |
To be filed with |
|
Form-8 |
Filing of Statement of Accounts |
30th October |
Registrar of Companies |
|
Form-11 |
Filing of Annual Returns |
30th May |
Registrar of Companies |
|
ITR -5 |
Income tax return |
31st July (or 30th September, if tax audit is mandatory) |
Income tax department |
|
Audit |
Tax Audit (only if applicable) |
30th September |
Income tax department |
Late filing of such forms entail penalties of Rs. 100/- per day of default.
Suggested read: LLP Annual filing- All you need to know
Ebizfiling is a group of intellectuals. The entire team of Ebizfiling consists of Highly qualified CA, CS, Lawyers and business administrators. Ebizfiling would be a one stop destination for LLP Annual Compliance and filing. We also provide services like Start up advisory, Secretarial compliance services, PAN / TAN application, DIN allotment, GST registration, Trademark registration, GST / Income tax return filing and many more. You may get in touch with our compliance manager on 09643203209 or email at info@ebizfiling.com for free consultation and to know more about the services provided by us..
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Choose Your Package
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₹ 2499/-
(All Inclusive)
- Form 11 Filing
- Form 8 Filing
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₹ 3999/-
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- 1 Income Tax Return
- Form 11 Filing
- Form 8 Filing
Major LLP Annual Filing Compliances
Points to make your decision easy
MCA Form 8
LLPs are required to file Form 8 before 30th October each year. Form 8 contains details of the Statement of Accounts and solvency. This form needs to be filed by the LLP on annual basis.
MCA Form 11
LLPs are required to file Form 11 before 30th May each year. Form 11 contains details of all the Designated Partners like whether there are any changes in the management of the LLP.
Income Tax Return
Every LLP has to file Income Tax Returns every year, irrespective of its transactions. It must be filed by LLP on or before 31st July (if not covered under audit) or 30th September (if covered under audit).
Accounting
Accounting is essential in order to comply with other compliance such as statutory audit, Annual filing and Income tax return filing. We at Ebizfiling will take care of the same. We will prepare the balance sheet and profit and loss account for the year and then we will take care of the other compliance as well.
Audit under IT Act
Every Limited Liability Partnership 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.
MAT Audit
It is mandatory for the LLPs to get their accounts audited under MAT i.e. Minimum Alternate Tax. A report in form 29b is to be issued by a Practicing Chartered Accountant which certifies that MAT has been computed in accordance with Income Tax Act, 1961. We will get your books audited under MAT for your LLPs.
LLP Annual Filing-Process Flow
5 Easy Steps
1
Fill a Checklist
2
Submit Documents
3
Filing of Form 8&11
4
Filing of your ITR
5
You get Acknowledgement
FAQs On LLP Annual Filing
Get answers to all your queries
-
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.
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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.
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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.
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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.
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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.
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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.
