LLP Annual Return Filing in Gujarat

Our team will help you from maintenance of accounts to filing annual forms for LLP and filing income tax returns and income tax audit report also.

About LLP Annual Return Filing in Gujarat

A limited liability partnership is required to file annual forms to the the ROC containing details of annual financial statements. This forms are compulsory to be filed by each and every LLP. Non compliances of this will lead to heavy penalty. Interestingly, there are less compliances requirements for LLP as compared to private limited company, but the penal provisions for non compliances are much heavier for LLP than that of the private limited company. Thus, it becomes very important for any LLP to comply with every compliances howsoever small it is.

Which forms are to be filed?

Basically There are Two form which required to be filed by all the LLPs on annual basis.

Form-11: This form is called Annual Return of LLP.
Form-08: The statement of accounts & solvency.

Due date of LLP Annual Return Filing in Gujarat

Form 08 “statement of accounts & solvency” needs to be filed with 30 days from the end of 6 months of the financial year to which it relates. For example: for the year 2022-23, Form 08 is required to be filed before 30th Oct 2023.

Form 11: The Annual Return of LLP needs to be filed on or before 30th of May every year. For Example: For the Financial Year 2022-23, Form 11 is required to be filed on or before 30th Of May-2023.

Contents of From-08 and Form-11

Contents of From-08:

The name of form itself suggest the details needs to be filed under it. It requires a declaration about the income and expenditure made during the financial year, profit or loss made thereon during the financial year and the assets and liability of the LLP. The form needs to be signed by 2 designated partners and it should be certify by practicing Chartered accountant or Practicing Company secretary or Practicing Cost accountant.

Contents of Form-11:

The From 11 of LLP annual filing commonly known as Annual Return of LLP is declaration regarding the number of designated partners and partners and contribution received from each designated partners and regular partners.

Income Tax/Audit Aspect

Limited Liability Partnerships whose turnover is more than INR 40 lakh or whose contribution exceeds INR 25 Lakh have to get the books of account audited by practicing Chartered Accountants. The deadline to file the tax return for an LLP which is required to get his books audited is September 30th.

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FAQS

Which form is to be filed?

Form 08 called Statement of accounts and solvency needs to be filed.

What is the fees for this form?

Fees shall be payable as per the Companies (Registration Offices and Fees) Rules

What are the attachments to this form?

1) Disclosure under Micro, Small and Medium Enterprises (MSME) Development Act, 2006 is a mandatory attachment. 2) Statement of contingent liabilities to be attached in case any contingent liability exists. 3) Any other relevant information can be provided as an optional attachment.

Who needs to certify this form?

This form must be certify by practicing Chartered accountant or Practicing Company secretary or Practicing Cost accountant.

What is the due date of filing this form?

This form needs to be filed with 30 days from the end of 6 months of the financial year to which it relates. For example: for the year 2017-18, Form 08 is required to be filed before 30th Oct 2018.

What if I do not file this form?

Failure to file can incur a penalty of Rs.100 per day of delay.

Who needs to sign this form?

Any two designated partners must sign this form digitally.