[vc_row][vc_column][rev_slider_vc alias=”annual-llp”][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” el_class=”service-content”][vc_column][vc_row_inner el_id=”contact”][vc_column_inner width=”2/3″][vc_empty_space height=”20px”][vc_custom_heading text=”Annual Filing of LLP” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_column_text]
Every limited liability is required to maintain various records and file certain forms with Ministry of Corporate Affairs containing information about financial statements of the LLP and detail of partners. Further, under the income tax act also every limited liability partnership firm is compulsory required to maintain books of accounts and prepare balance sheet and profit and loss account. Filing of income tax return under income tax act is compulsory for limited liability partnership.
Every limited liability shall file Annual return in form 11 within 60 days from the end of financial year and statement of account and solvency in form 8 by 30th October following the year end. Delay in filing of any of these forms attracts penalty of Rs.100 per day until the default continues. Drafting of Annual returns are very crucial as the data filled in the return is sent to the government and it act based on this data only. So, compiling the accurate returns/forms by providing data is very crucial and require professional expertise.
We at TaxMuneem take care of all your needs by providing annual compliance services in a effective and cost saving manner.
[/vc_column_text][vc_empty_space][vc_btn title=”Check LLP Name” style=”3d” color=”info” link=”url:https%3A%2F%2Fwww.taxmuneem.com%2Fllp_search_page%2F||target:%20_blank|”][/vc_column_inner][vc_column_inner width=”1/3″][vc_column_text][/vc_column_text][vc_empty_space][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”stretch_row_content”][vc_column width=”2/3″][vc_tta_tabs active_section=”1″ el_class=”tab”][vc_tta_section title=”INCLUSIONS” tab_id=”1548762764216-496a8d12-1b11″][vc_column_text]MCA Fees for filing annual forms.
Filing of Income tax return
Any other service selected in the package[/vc_column_text][/vc_tta_section][vc_tta_section title=”EXCLUSIONS” tab_id=”1548762764317-efdd4d20-b143″][vc_column_text]Any other cost not mentioned in inclusion.
Cost of DPIN/DSC of partner
Any penalty/ additional fee payable for non-compliance[/vc_column_text][/vc_tta_section][vc_tta_section title=”DOCUMENTS” tab_id=”1548762785621-035febe0-c3fc”][vc_column_text]DPIN of partners
Financial statement of partnership or books of accounts
Any other information required[/vc_column_text][/vc_tta_section][vc_tta_section title=”TIMELINE” tab_id=”1548762786812-7b5811a4-85bd”][vc_column_text]4-5 working days after the receipt of complete information.[/vc_column_text][/vc_tta_section][/vc_tta_tabs][/vc_column][vc_column width=”1/3″][vc_single_image image=”4149″ img_size=”full”][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” el_class=”service-pack”][vc_column][vc_empty_space][vc_custom_heading text=”PACKAGES” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_empty_space][vc_column_text]
[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” el_class=” service-faq”][vc_column width=”2/3″][vc_empty_space height=”20px”][vc_custom_heading text=”FAQ” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_empty_space height=”20px”][vc_tta_accordion][vc_tta_section title=”What is the annual filings for LLP?” tab_id=”1548762987736-997cc72a-faff”][vc_column_text]Limited Liability Partnerships are required to file the following forms every year with the Ministry of corporate affairs:
- Form 8 (Statements of Accounts and Solvency)
- Form 11 (Annual Return)
Apart from filing the above forms, every limited liability partnership shall also file its income tax return by filing balance sheet and profit and loss account.
[/vc_column_text][/vc_tta_section][vc_tta_section title=”Is Limited liability partnership required to get its accounts audited?” tab_id=”1548762987849-29410725-1d18″][vc_column_text]
Every limited liability partnership whose turnover exceeds Rs.40 Lakh or contribution exceeds Rs.25 lakh shall be required to get its accounts audited.
[/vc_column_text][/vc_tta_section][vc_tta_section title=”How many year does the books of accounts of limited liability partnership required to be kept?” tab_id=”1551938308118-da4364e0-be31″][vc_column_text]
The books of accounts of limited liability partnership shall be kept preserved for 8 years from the date they were made.
[/vc_column_text][/vc_tta_section][vc_tta_section title=”What are the other compliances which need to be done under LLP?” tab_id=”1551938350048-c5e057bb-60fd”][vc_column_text]
Depending on the Situations, the LLP shall be required to do the following compliances by way of filing the required forms as per applicability
- Change in Name
- Change in place of Registered Office
- For intimating other address for Service of Documents
- Notice of Appointment, Cessation, Change in the particulars of Partners.
- Such other compliances as may be required according to the circumstances.
[/vc_column_text][/vc_tta_section][vc_tta_section title=”What are the Penalty/ Additional provisions for not filing the Annual Return and Statement of Accounts & Solvency within due date?” tab_id=”1551938442288-dad82066-9860″][vc_column_text]
The limited liability partnership shall be liable to pay additional fee of Rs.100 per day per form apart from normal fee for filing such form.
The Limited Liability Partnership shall also be punishable with fine which shall not be less than Rs 25000, but which may extend to Rs. 5,00,000 The designated partner of such limited liability partnership shall be punishable with fine which shall not be less than Rs. 10,000 but which may extend to Rs. 1,00,000.
[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][vc_column width=”1/3″][vc_empty_space][vc_empty_space][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” el_class=”service-con” css=”.vc_custom_1548763423872{background-color: #e6b707 !important;}”][vc_column width=”2/3″][vc_custom_heading text=”A dedicated platform to answer all your budget and tax related queries!” font_container=”tag:h3|font_size:21|text_align:left|color:%23ffffff” use_theme_fonts=”yes” css=”.vc_custom_1548763479514{margin-top: 10px !important;}”][/vc_column][vc_column width=”1/3″][vc_btn title=”POST QUERY HERE” style=”3d” color=”info” align=”center” link=”url:https%3A%2F%2Ftaxmuneem.com%2Fcontact-us%2F|||”][/vc_column][/vc_row]
