LLP Annual Filing

LLP Annual Filing

LLP Annual Filing


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. However, in case the LLP was incorporated on or after 1st of October of a financial year, then the LLP can close its first financial year either on the coming or next 31st March, thereby filing its annual return after 18 months.

LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain proper book of accounts and file annual return with the MCA each financial year. LLPs are not required to audit its accounts unless the annual turnover exceeds Rs.40 lack or if the contribution exceeds Rs.25 lack. Therefore, LLP who do not have to get the accounts audited if it satisfies the above condition, making the annual filing process a simple and easy one. can help file the Annual return for your LLP

 

FAQ


what is Statement of Accounts and Solvency?
What is the due date for fling LLP Annual Return?
What is the due date for filing LLP Statement Accounts and solvency ?
I am a newly incorporation LLP, when is my annual return due?
What is the penalty for not filing LLP Annual Returns ?