LLP Compliance

LLP Compliance

Annual statutory compliances by an LLP

All the Limited Liability Partnership’s (LLP) Registered under the LLP Act 2008 are required to file the following returns mandatorily whether the LLP do business or not.


A. FILING WITH REGISTRAR OF LLP

1. Filing of Annual Return : An LLP is required to file the Annual Return with the Registrar of LLP (Form 11) within 60 days of closure of its financial year. An LLP has to close its financial year on every 31st March. So, the Annual Return is to be filed on or before 30th May every year.

2. Filing of Annual Accounts : Every LLP has to maintain books of accounts as per double entry system of accounting and prepare a Statement of Accounts and Solvency (Accounts) every year ending on 31st March. LLP has to file such Accounts to the Registrar of LLP (Form 8) within 30 days from the end of 6 months of such financial year. So, the filing of Accounts is to be filed on or before 30th October every year.

In case of an LLP whose annual turnover exceeds Rs.40 lakhs or whose contribution exceeds Rs.25 lakhs, shall be required to get its accounts audited by a qualified Chartered Accountant.


B. INCOME TAX

As per Income Tax Act, LLP has to close its financial year as on 31st March every year and has to file the returns with Income Tax Department.

In case of LLP whose annual turnover is more than Rs.1 Crore, the accounts have to be audited as required under Income Tax Act as well.

A LLP have to file its Income tax Returns on or before the due dates as follows:

LLP whose accounts are not required to be audited under any Law 31st July of every year
LLP whose accounts are subject to Audit under any Law 30th September of every year or such other date as may be notified by the Income Tax authorities.

We at Global Taxation help you out in taking care of LLP Legal Compliances in most cost efficient manner.

LLP with Annual Turnover from to 0 to 10 Lakh

6500/- All Inclusive Charges

  • Filing Form 8
  • Filing Form 11
  • Filing of Income Tax Return
Submit Request

LLP with Annual Turnover from 10-20 Lakh

10000/- All Inclusive Charges

  • Filing Form 8
  • Filing Form 11
  • Filing of Income Tax Return
Submit Request

LLP with Annual Turnover from 20-40 Lakh

13000/- All Inclusive Charges

  • Filing Form 8
  • Filing Form 11
  • Filing of Income Tax Return
Submit Request

LLP with annual Turnover Above 40 Lakh

20000/- All Inclusive Charges

  • Filing Form 8
  • Filing Form 11
  • Filing of Income Tax Return
Submit Request