Annual Complaince of
Limited Liability Partnership

ROC COMPLIANCES FOR LIMITED LIABILITY PATNERSHIP (LLP):

 

After incorporating a LLP, the LLP is mandatorily required to file annual return, file the statement of accounts and filing of Income Tax Return.

 

THREE MANDATORY COMPLIANCES FOR LLP:

COMPLIANCES DESCRIPTION DUE DATES
ANNUAL RETURN

Annual return is to be filed by the LLP in Form No. 11 within 60 days of the close of the financial year.

 

30th May of the every Financial

Year

STATEMENT OF ACCOUNTS

1)    Statement of Accounts includes Profit & Loss Account and Balance Sheet.

2)    Statement of accounts is Form 8 is required to be filed by the LLP

3)    The LLP is required to maintain the books of accounts in double entry system

30th October every Financial year
If the turnover of the LLP exceeds 40lakhs or income from profession exceeds 25 lakhs the LLP is compulsorily required to get its accounts audited by a Chartered Accountant
INCOME TAX RETURN Every LLP is mandatorily required to file its Income Tax Return

In case of Audit – 30th September

In case of Audit not required – 31st July

 

Forming an LLP is an easy task and maintaining it required time, effort and mandatory compliances. Thus filing and maintaining the records on time is a difficult task. Non compliances of the same shall lead to penalties from concerned authority.