LLP Annual Filing
In India, annual filing for LLPs is compulsory. It does not matter whether the LLP has done any business or not. It is important to ensure that the LLP files all its returns on time. This is because there is a heavy penalty for non-filing.
Types of Filing
An LLP needs to submit the following form and returns:
- Form 8 for the return of accounts and solvency.
- Annual return in form 11.
- Income Tax returns.
Documents for Annual Filing for LLPs
For filing your annual returns, you need the following documents and details:
- Details of all partners, designated as well as ordinary.
- Calculation and payment of tax.
- Name and identification number of LLP.
- Principal place of business as well as activities.
- Contribution of partners.
- Digital signatures of designated partners.
- Balance sheet and profit & loss account.
Please note that this is not an all-inclusive list. We will provide you a specific checklist as per your needs.
Fee for Annual Filing for LLPs
The government fee varies with the type of LLP and also the contribution of partners. It starts from Rs. 100 for an Indian LLP. The professional fee starts from Rs. 4000. Moreover, there is additional government fee for any delay in filing.
Timeline for Annual Filing for LLPs
We will file your returns within 2 business days of receiving all relevant details from your end. The government due dates will vary as per the type of form or return and also with the turnover of LLP.
How PocketLawyer Can Help?
Do you need any help with annual filing for your LLP? You can find a one-stop hassle free solution at PocketLawyer.
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