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.
LLP Annual Return Filing is a mandatory compliance requirement under the Limited Liability Partnership Act, 2008. Every registered LLP must file Form 11 (Annual Return) within 60 days of financial year-end, along with Form 8 (Statement of Account & Solvency) by October 30th. Additionally, LLPs must file income tax returns using ITR-5 by July 31st. Non-compliance attracts heavy penalties and legal complications. Our expert chartered accountants ensure timely, accurate filing while maintaining complete regulatory compliance for your business continuity.
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.
Basically There are Two form which required to be filed by all the LLPs on annual basis.
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.
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.
