Annual Compliances for LLP
LLP’s have very few compliances in comparison with Private Limited Company. However, they are required to file the returns mandatorily whether they do business or not. Hence we at Taxoservice will help you to fulfill those compliances, without levy of any interest or penalty.
The financial year for LLP is from 1st April to 31st March. Registrar of Companies (ROC) is the designated authority that deals with administration of LLP Act, 2008 and it falls under Ministry of Corporate Affairs. The LLP’s incorporated under LLP Act, 2008 are mandatory to file various forms, returns and documents with the Registrar of Companies (ROC) in an electronic mode within the prescribed time along with the prescribed fees.
FAQ on Annual Compliances for LLP:
What are the annual compliances for Limited Limited Partnership?
Form 11 File Annual Return within 60 days of close of financial year Form 8 File Balance Sheet, P/L by 30th October every year.
Which LLP’s are required to get their accounts audited?
- LLPs whose turnover exceeds 40 lakhs or whose contribution exceeds 25 lakhs are required to get their accounts audited by a Chartered Accountant.
What is the last date of filing IT Return for LLPs?
In case Audit is not required 31st July In case Audit is required 30th September
What is the penalty for late filing of LLP Return?
- A Penalty fees of 100 per day is charged for from the date of delay till the Form is filed with the ROC.