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BUSINESS & COMPLIANCE

ANNUAL COMPLIANCE

LIMITED LIABILITY PARTNERSHIP

Annual Compliance of LLP


The Annual Compliances LLP has to meet even if there is no business activity. It is also not relevant whether you have any business bank account. Even if you want to close your LLP, the compliances have to be duly met. Basic annual compliances are something that your business simply cannot afford to miss.

Filing of Annual Accounts – Every LLP is required to maintain the Books of Accounts as per Double Entry System. It has to prepare a Statement of Solvency (Accounts) every year ending on 31st March. If there are no transactions, then venture formation and allied expenses are to be booked. These expenses can be a part of LLP losses and these can be carried forward and set off in subsequent years.
LLP are required to file such Accounts in Form 8 to the Registrar. This form has to be filed within 30days from the end of 6months of such financial year. The accounts are to be filed on or before 30th October every year.
Moreover, the LLP whose annual turnover exceeds Rs. 40 lakhs or whose contribution exceeds Rs. 25 lakhs are required to get their accounts audited.Filing of Annual Return – Every LLP is required to file Annual Return in Form 11 to the Registrar of Companies (ROC). It has to be filed within 60 days from the closure of financial year. An LLP has to close its financial year on 31st March every year. So, the Annual Returns has to be filed on or before 30th May every year.
Filing of Income Tax Return
Every LLP is required to close its financial year on 31st March every year as per the Income Tax Act and is also required to file their returns with the Income Tax Department.
The LLP whose annual turnover exceeds Rs. 60lakhs, are required to get their accounts audited under the Income Tax Act provision.
Due dates for an LLP to file their Income Tax Returns are as follows:
LLP whose accounts are not required to be audited under any law– 31st July every year
LLP whose accounts are subject to audit under any law– 30th September every year or such other dates as notified by the Income Tax authorities.

Required Documents:(All copies of documents should be self-attested by the customer)


  • Annual Return filings
  • Submit statement of the Accounts or you can say Financial Statements of the LLP

IN WHAT WAY WE CAN ASSIST YOU WITH THE SINGLE MORTAL ORGANIZATION

Capital flow makes you, much easy to register a one person company within 7-10 days, subject to government and client processing time.

Title Authorization

For approval of name, we need minimum one and a maximum of six name choices which can be submitted to the government. The subject to availability, company naming guidelines and government processing time, name approval can be obtained in 2 to 4 working days.

Registration Of Organization

when we are providing a company name approval, incorporation documents must be submitted to the government at any cost along with an application for company registration. So the government will basically approve the application for incorporation in 5 to 7 days.

Leading A New Strategic Project

Getting a project is not an easy deal to work with. We are here to help you in advising and supporting to get a good and strategic project to move your way into profits. At the same time, we may help you to reach your goals with some efforts and help to make your work easy.

DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number (DIN) are mandatory for the proposed director of the one person company. DIN and DSC can be also be obtained for the proposed director within 2 to 4 working days.

Objectives To Register Single Mortal Organization

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Solitary Supporter

Single Mortal Company is the only type of company started and managed by a single person in all aspects with all liabilities in all over India. The Main advantage in this is he/she can easily transfer the ownership from one to other.

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Successive Existence

A company has 'ceaseless', meaning successive subsistence until it is officially dissolved.It is also a separate constitutional person, forthright by the death or other departure of any member and continues to be in existence irrespective of the changes in the ownership.

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Effortless Exchangeble

Proprietorship of a business can be easily transmitted to a company by transferring shares. The signing, filing and transfer of share transfer form and share certificates are sufficient to transfer ownership of a company. An individual a person company ownership can be transferred by altering the shareholding.

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Having Own Premises

A company is an artificial person which can acquire its own, enjoy and isolated, property in its name. This property is owned by a company like which could be machinery, building, intangible assets, land, residential property, factory, etc.