What are the legal compliance you need to follow after registering a LLP in India?

What are the legal compliance you need to follow after registering a LLP in India?

Information 01.09.2017   0 Comments   499  Add to Reading List

LLPs have relatively less compliances requirements as compared to that of companies, all registered LLP are required to file the following compliances forms

  1. Annual Statement Of Accounts and Solvency
    1. Due Date: To be filed within 60 days of close of the financial year , i.e 30th May
    2. Form: Form 8
  2. Annual return
    1. Due Date: To be filed within 30 days from the end of six months of the financial year to which it relates, i.e 30th October
    2. Form: Form 11
  3. Income Tax Return is to be Filed
    1. LLP is carrying on Business
      1. Turnover exceeds 1 Crore- Tax Audit is Applicable-Due Date: 30th Sep
      2. Turnover doesnot exceed 1 crore- Tax audit is not applicable-Due Date 30th July
    2. LLP is carrying on Profession
      1. Receipts exceeds 25 Lakhs- Tax Audit is Applicable-Due Date: 30th Sep
      2. Receipts doesnot exceed 25 Lakhs- Tax audit is not applicable-Due Date 30th July
  4. Statutory Audit provisions applicable only when
    1. Partners Contribution exceeds 25 lakhs or Annual Turnover exceeds 40 Lakhs
    2. Appointment within: 30 days before the end of the financial year, i.e 1st March

Visit HireCA.com Now

Get All your Work Done By Expert visit Hireca.com Or Whats app your Query At : 9873139513 or mail at hi@hireca.com