Annual Compliance For LLP

Annual Compliance For LLP Registration

  • INR 5,000 /-
  • All Inclusive, No hidden Charges
  • LLP Form 2 Submission Annual Return Filing
    Income Tax Return Filing Other Secretarial Compliance

Basic Plan

LLP in India must file its Annual Return within 60 days from the end of close of financial year and Statement of Account & Solvency within 30 days from end of six months of close of financial year. Unlike Companies, LLP mandatorily have to maintain their financial year, as April 1st to March 31st. Therefore, LLP annual return is due on May 30th and the Statement of Account & Solvency is due on October 30th of each financial year. In addition to the MCA annual return, LLP must also mandatorily file income tax return every year.

Required documents of annual compliance for LLP:
Statutory Compliances :
a) To conduct meetings:
First General Meeting- within 30 days from the date of its incorporation.
Executive committee meeting- 2 in one financial year
(b) Maintaining of minute book
(c) Maintaining of books of accounts
(d) Audit of accounts - It is mandatory if turnover exceed 40 Lakhs or contribution of LLP is 25,00,000.

Annual Compliances :
(a)Filling of annual return: A summary of partners including change in management if any is to be filled to ROC within 60 days from the closure of financial year.
(b)Filling of statements of accounts: Filed within 30 days after expiry of 6 months form the closure of financial year.
(c)Filling of Income Tax Return: It will depend on the audit status of LLP if audit is required then the date of filling of income tax return is 30th September otherwise it will be till 31st

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Final Delivery

LLP with an annual turnover of more than Rs.40 lakhs or capital contribution of Rs.25 lakhs are required to be audited by a Chartered Accountant. Maintenance of book of accounts is mandatory for LLP, irrespective of annual turnover

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

. 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.