LLP Annual Filing

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 Rs.3,500/-*

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No Hidden Fees / Charges.

*All price is exclusive of taxes and Govt Fees (if any).

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    LLP Annual Filings

    Simplify and easily manage LLP Company’s Annual Returns and Compliances

    While running LLP Company, filing Company’s annual returns while adhering to all Government Compliances are the main problems every Entrepreneurs are facing, especially Startup Companies. Limited Liability Partnerships have to get the books of account audited by practicing Chartered Accountants, especially whose turnover is more than INR 40 lakh or whose contribution has exceeded INR 25 lakh. The deadline to file the LLP Annual return filing is 30th September. But for the LLPs whose tax audit has not required any deadline. So, the due date for tax filing is 31st July.

    We, as a Professional Financial and Accounting solution provider help you out by handling and filing a return on your behalf so that you can focus on developing the turnover of Company.

    LLP Annual Filing

    Characteristics to file LLP Annual Return in India

    The basic Characteristics to file LLP Annual Returns in India are:

    • Every LLP have to file the Annual Returns and Statement of accounts for the previous Financial Year with the MCA (Ministry of Corporate Affairs) .
    • Along with Annual Return every LLP is also suppose to file Statement of Accounts and Solvency mandatorily every year.

    Contents of Annual Fillings–

    • Financial Statements
    • Certifications(if any)
    • Registered Office Address
    • Summary of Management Affairs
    • Details of Partners
    • MSME Declaration

    Benefits of filing LLP Annual Returns

    Following are the benefits of filing LLP Annual Returns

    • Timely Compliance means avoiding hefty Penalties and Interest
    • Improves Creditworthiness of the organisation before Banks and Creditors.
    • Helps in analyzing Operational Projections of the organisation

    Services Offered by Us

    Following are the services provided by us at the time of registration.

    • Annual Return Preparation
    • Document submission
    • Preparation of Annual Filing
    • File Annual returns with MCA
    • Payment of Registrar Fees
    • Intimate Once Filed

    Procedure for Filing Returns

    Fill Enquiry
    Form

    Associate will call
    and discuss in length.

    Statement
    of accounts

    Disclosure under MSME
    development Act
    (if applicable)

    Filing Expenses
    with the Registrar

      Why Palankarta?

      Palankarta gives an end-to-end service for Annual Company return documentation and filing it with Registrar.

      Experienced Financial
      Professionals

      Deliver Service
      on Time

      Cost
      Effective

      Assured Customer
      Satisfaction

      No Hidden
      Fees / Charges.

      Frequently Asked Questions

      FAQ

      General Questions

      What LLP means?

      Limited Liability Partnership Meaning and Concept of LLP. LLP stands for Limited Liability Partnership.

      It is an alternative corporate business form which offers the benefits of limited liability to the partners at low compliance costs.

      A limited liability partnership is a legal entity, liable for the full extent of its assets.

      What is LLP Form 8?

      LLP Form 8 or Statement of Account & Solvency is a filing that must be filed every year by all Limited Liability Partnerships (LLPs) registered in India.

      Form 8 must be filed with the Ministry of Corporate irrespective of turnover of the LLP.

      When should we file Form 8 of LLP?

      The due date for filing LLP Form 8 is 30th October of each financial year. Failure to file LLP Form 8 can incur a penalty of Rs. 100 per day.

      In addition to filing LLP Form 8, all LLPs must all file LLP Form 11 before 30th May of each financial year.

      Does LLP need to FIle Returns?

      LLPs must file income tax return in form ITR-5.

      The due date for filing income tax return for a LLP would change based on the amount of turnover the LLP recorded in the previous year and the amount of capital contribution.

      LLPs with an annual turnover of less than Rs.40 lakhs in the previous financial year or LLPs where partner’s obligation of contribution is less Rs. 25 lakh must file income tax return on or before 31st July.

      Is audit compulsory for LLP?

      LLPs are required to have its accounts audited by a practicing Chartered Accountant if its annual turnover, in any financial year exceeds Rs. 40 lakhs or its contribution exceeds Rs. 25 lakhs.

      Can LLP have directors?

      There are no shares, shareholders or directors in an LLP.

      LLPs do not pay corporation tax – each LLP member is taxed through Self Assessment as a self-employed individual.

      What are the advantages of an LLP?

      Benefits of an LLP

      • Limited liability protects the member’s personal assets from the liabilities of the business.
      •  LLP’s are a separate legal entity to the members.

      Flexibility.

      The operation of the partnership and distribution of profits is determined by written agreement between the members.

      What are the disadvantages of LLP?

      Disadvantages of an LLP

      • Public disclosure is the main disadvantage of an LLP.
      • Income is personal income and is taxed accordingly. …
      • Profit can not be retained in the same way as a company limited by shares.
      • An LLP must have at least two members.
      • Residential addresses were historically recorded at Companies House.
      Do LLP need to file accounts?

      Annual accounts

      • LLPs must prepare annual accounts for each financial year.
      • A copy of these accounts should be given to every member and Companies House.
      • Small LLPs are permitted to file an abbreviated version of the accounts with Companies House, and dormant LLPs can file dormant accounts.