LLPs in India must file its Annual Return within 60 days from the end of close of financial year and Statement of Account & Solvency within 30 days from end of six months of close of financial year. Unlike Companies, LLPs mandatorily have to maintain their financial year, as April 1st to March 31st., LLP annual return is due on May 30th and the Statement of Account & Solvency is due on October 30th of each financial year.
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LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain proper book of accounts and file annual return with the MCA each financial year. LLPs are not required to audit its accounts unless the annual turnover exceeds Rs.40 lakhs or if the contribution exceeds Rs.25 lakhs. Therefore, LLP who do not have to get the accounts audited if it satisfies the above condition, making the annual filing process a simple and easy one. We give you an opportunity to meet the mandatory annual compliances of LLP, which is often deferred by the emerging companies leading to detrimental impact on the businesses, at a very affordable rate.This offer would protect your startup from unnecessary taxes, penalties by keeping your business in perfect compliance as you grow. We will assign a chartered accountant dedicated to your filing. He will get in touch with you within 6 working hours for timely annual filings.
Rajput Jain & Associate can help file the mandatory annual return for your LLP and maintain annual compliance with the Ministry of Corporate Affairs.
An Rajput Jain & Associates Compliance Expert will prepare the Annual Return for your LLP based on the financial performance of the previous financial year.
Once the Annual Return is prepared in the requisite format, the Client's Finance Team can verify the prepared annual return and affix the digital signature.
Once the Annual Return is prepared and verified, the Annual Return can be filed with the Minsitry of Corporate Affairs along with the necessary attachments.
Rajput Jain & Associates can help file you file the income tax return, Roc Return, Services Tax Returns , VAT Return’s for your LLP in India.The LLP shouldensure that
Please note that this offer is for Startups LLP with a turnover of less than Rs 10 Lakhs for Financial year 2015-16 (Due date being 30th September 2015) and earlier years. In case you require real time day to day tax and accounting services for the current financial year (FY 2015-16), check out our retainer ship.
200+
550+
2009
700+
What is Annual Return?
Annual return is a mandatory filing to be made by all LLPs in India. The annual return must be filed in the prescribed format with the Ministry of Corporate Affairs. Filing of annual return with the MCA is different from the filing of annual return with the Income Tax department. And other compliance are mention below:
Due dates
Due dates
Due dates
What is Statement of Accounts and Solvency?
Statement of Accounts and Solvency is a mandatory filing that is required for all LLPs in India. Statement of Accounts and Solvency contains a declaration on the state of solvency of the LLP by the designated partners and also information related to statement of assets and liabilities and statement of income and expenditure of the LLP.
What is the due date for filing LLP Annual Return?
Annual return of a LLP is due within 60 days of close of financial year. LLPs must uniformly maintain a financial year that starts on April 1st and ends on March 31st, therefore the Annual return of a LLP is due on or before May 30th of each financial year.
What is the due date for filing LLP Statement of Accounts and Solvency?
Statement of Accounts and Solvency of a LLP is due within 30 days from the end of six months of close of financial year. LLPs must uniformly maintain a financial year that starts on April 1st and ends on March 31st, therefore the Statement of Accounts and Solvency of a LLP is due on or before October 30th of each financial year.
I am a newly incorporated LLP, when is my annual return due?
If a LLP was incorporated on or after 1st October of a financial year, then the LLP can close its first financial year either on the coming or next 31st March. Therefore, if required, a newly incorporated LLP can file its first Annual return and Statement of Accounts and Solvency for 18 months.
What is the penalty for not filing LLP Annual Return?
Late filing or non-filing of LLP Annual Return or Statement of Accounts and Solvency before the due date will attract a penalty of Rs.100 for each day of default. Further, the LLP cannot be wound-up or closed without filing of the return and the penalty doesn't have a ceiling. Therefore, it is best to file the Annual Return and Statement of Accounts & Solvency of a LLP in time to avoid heavy penalty.
Annual Return
Annual return is a mandatory filing to be made by all LLPs in India. The annual return must be electronically filed in the prescribed format with the Ministry of Corporate Affairs.
Statement of Accounts and Solvency
Statement of Accounts and Solvency is a mandatory filing that is required for all LLPs in India. Statement of Accounts and Solvency contains a declaration by the designated partners and related to financial position of the LLP.
Annual Return Due Date
Annual return of a LLP is due within 60 days of close of financial year. Therefore the Annual return of a LLP is due on or before May 30th of each financial year.
Statement of Accounts and Solvency Due Date
Statement of Accounts and Solvency of a LLP is due within 30 days from the end of six months of close of financial year. Therefore the Statement of Accounts and Solvency of a LLP is due on or before October 30th of each financial year.
Newly Incorporated LLP
If a LLP was incorporated on or after 1st October of a financial year, then the LLP can close its first financial year either on the coming or next 31st March.
Penalty for Late Filing
Late filing or non-filing of LLP Annual Return or Statement of Accounts and Solvency before the due date will attract a penalty of Rs.100 for each day of default. Further, the penalty doesn't have a ceiling, so it is best to file in time.
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We are the exclusive member in India of the Association of International Tax Consultants, an association of independent professional firms represented throughout Europe, US, Canada, South Africa, Australia and Asia.
