LLPs 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, LLPs 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, LLPs must also mandatorily file income tax return every year. estartupindia provides a comprehensive LLP compliance service which includes LLP Annual Filing and LLP income tax return filing at a very affordable price point.
All LLPs are required to maintain proper books of accounts since registration on cash basis or accrual basis. Private Limited Companies are required to maintain book of accounts only in accrual basis; however, LLPs have the option of maintaining book of accounts on cash basis as well. The book of accounts must be maintained at the Registered Office of the LLP and must contain information about all the money received and expended, assets and liabilities, statement of COGS, inventories and finished goods statement. At the end of each financial year, all the LLPs are required to prepare their financial statements within 6 months for filing with the ROC.
Annual return of a LLP is due within 60 days of close of financial year. LLPs must uniformly maintain a financial year that starts on April 1st and ends on March 31st, therefore the Annual return of a LLP is due on or before May 30th of each financial year.
Form 11 contains details of the number of partners, total number of partners, total contribution received by all partners, details of body corporate as partners and summary of partners. All LLPs should file this form within 60 days from the closure of the financial year with the prescribed fee. Hence, the due date for filing LLP Form 11 is 30th of May each year. estartupindia LLP Annual Compliance includes preparation and filing of LLP Form 11. Know more
Statement of Accounts and Solvency of a LLP is due within 30 days from the end of six months of close of financial year. Statement of Accounts and Solvency is a mandatory filing that is required for all LLPs in India. Statement of Accounts and Solvency contains a declaration on the state of solvency of the LLP by the designated partners and also information related to statement of assets and liabilities and statement of income and expenditure of the LLP.
Form 8 must be filed within 30 days from the end of 6 months of the financial year along with some prescribed fee. This must be digitally signed by 2 designated partners and it must be certified by a chartered accountant/company secretary/cost accountant. Form 8 has contains Statement of Solvency, Statement of Accounts and Statement of Income & Expenditure. estartupindia LLP Annual Compliance includes preparation and filing of LLP Form 8. Know more
LLPs are required to have its accounts audited by a practicing Chartered Accountant if its annual turnover, in any financial year exceeds Rs.40 lakhs or its contribution exceeds Rs.25 lakhs. In order to avail the exemption from audit, the LLPs accounts filed with the ROC must contain a statement by the Partners to the effect that the Partners acknowledge their responsibilities for complying with the requirements with respect to accounting and preparation of financial statements. Know more
LLPs must file income tax return using Form ITR 5. Form ITR 5 can be filed online through the income tax website using the digital signature of the designated partner. The deadline for LLP tax filing in India is July 31st if tax audit is not required. LLP whose turnover exceeded Rs. 40 Lakh or whose contribution exceeded Rs. 25 Lakh are required to get their accounts audited by a practising Chartered Accountant. The deadline for tax filing for LLP required to obtain audit is September 30th. Know more
LLP Form 11 is due on 30th May and must include details about the designated partners and partner contribution. Filing of LLP Form 11 is mandatory for all LLPs, irrespective of annual revenue or profit or business activity. File LLP Form 11 through estartupindia for just Rs.988.
In the year 2018, the income tax return for FY2017-18 or AY2018-19 would be filed by the LLP. The income tax rate applicable for LLP registered in India is a flat 30% on the total income. The deadline for LLP income tax return for a LLP is July 31st if tax audit is not required.
Tax audit is the verification of the books of accounts of an assessee to validate the income tax computation and compliance with the laws of Income Tax. Tax audit limit for different taxpayers is provided under Section 44AB of the Income Tax Act. The due date for filing tax audit report is 30th September.
LLP Form 8 or Statement of Account & Solvency is a filing that must be filed every year by all Limited Liability Partnerships (LLPs) registered in India. The due date for filing LLP Form 8 is 30th October of each financial year. In addition to Form 8, all LLPs are also required to file LLP Form 11 and ITR-5.
File your GST registration application online through estartupindia. Get help with GST registration procedure, eligibility and documents required. Entities with an annual revenue of more than Rs.20 lakhs must obtain GST registration. Complete your GST registration online in less than 5 working days.
File GST return online through estartupindia with GST Expert Support. You can prepare and file GSTR-1, GSTR-2, GSTR-3 and GSTR-4 return online through estartupindia. In addition to filing GST returns, you can also issue GST invoices and record purchases on LEDGERS to automatically file GST returns.
File GST annual return for your business through estartupindia starting from just Rs.2899/-. GST annual return in Form GSTR-9 or GSTR-9A or GSTR-9C must be filed by persons having GST registration. For the financial year 2017-18, the GST annual return will be due on 30th June 2019.
File TDS return online through estartupindia with TDS Expert Support just Rs.1499. TDS return must be filed by all persons and entities having TAN registration and/or required to deduct tax at source (TDS). TDS return must be filed every quarter.
Your LLP will be assigned a dedicated Compliance Manager who will be a single point of contact to help you maintain the compliance for your LLP. You can get in touch with your Compliance Manager at anytime and get assistance on matters related to your LLP'S compliance.
All LLP are required to maintain accounts and prepare financial statements at the end of each financial year. Our Compliance Manager will help your LLP maintain accounts and will prepare the financial statement for your business at the end of financial year.
We will prepare and file Form 11 for your LLP based on information provided by you. To file Form 11, we will require the contribution paid by each partner in the previous year.
We will prepare and file Form 8 for your LLP based on information provided by you. To file Form 8, we will be responsible for preparation of the accounting and financial statements preparation for the company.
Income tax return for a LLP must be filed irrespective of income, profit or loss. Hence, even a LLP with no transactions are required to file income tax return each year. LLP income tax return will be due on 31st July if there is no tax audit requirement. If tax audit is required, the LLP income tax return will be due on 30th September.