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:
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
|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.