LLP Annual Filling

After registration of LLPs they must file the Annual Return within 60 days from the end of financial year

After registration of LLPs they must file the Annual Return within 60 days from the end of the financial year and Statement of Account & Solvency within 30 days from the end of six months of the financial year. LLP is a body corporate and is required to file returns periodically with the Registrar. To ensure transparency, these returns are available to the public for inspection.

LLPs also have mandatorily to maintain their financial year, as of April 1st to March 31st. Therefore, LLP annual return is due on May 30th and the Statement of Account & Solvency is due on October 30th of each financial year. In addition to the MCA annual return, LLPs must also mandatorily file an income tax return every year.


Type of Annual Return :

  • Annual Return: Every registered LLP should be file annual return in Form-11 within the 60 days of closing of the relevant financial year closing to ROC. The Annual Return contains details of LLP Registered office address, details of partners, details of designated partners, LLP contribution profit sharing ratio, etc. So, the filing of Annual Return has to be done on or before 30th May of every year. In case of LLP with a turnover of more than five crore rupees in a financial year or a contribution of more than fifty lakh rupees, the annual return shall be certified by a Company Secretary in Practice.
  • Statements of Accounts and Solvency: Every registered LLP should maintain the books of account and as per accounting policy prescribed by the government and prepare statement of account and solvency every year and submit to ROC within 30 days from end of the 6 months from the relevant of the financial year closing. In case of LLPs with a turnover exceeding forty lakh rupees in any financial year or with a contribution exceeding twenty-five lakh rupees, the accounts of LLP have to be audited by a chartered accountant. For LLP, a financial year means the period from the 1st of April of a year to the 31st March of the following year. So, the filing of accounts has to be done on or before 30th October of every year. In the case of an LLP that is registered on or after the 1st of October of a year, the financial year may end on the 31st march of the year following the next year. (For example, an LLP registered on 01st October 2018, the financial year can be 31st March 2018).
  • Income Tax Return: As per Income Tax Act, an LLP has to close its financial year as on 31st March every year and has to file the returns with Income Tax Department. If the annual turnover of an LLP is more than one hundred lakh rupees, the accounts have to be audited by a Chartered Accountant as required under the Income Tax Act.

Documents Required :

  • Annual Return
  • Balance Sheet
  • Accounting Data
  • Bank Statement
  • Cash Book
  • DSC of Partner

FAQ

The financial year start from 1st April and closing is 31st March every year.
These are the return the LLP should be file on or before the due date.
a. Annual Return to ROC in the Form-11
b. Statement of Accounts and Solvency in the Form-8
c. Income Tax Return to Income tax department
1. Form-11 30th May of every financial year closing.
2. Form-8 30th October of every financial year closing.
3. Income tax return 30th September of every financial year closing.
Yes, all the above said Annual returns are mandatory even if no business activity commence last financial year.
LLP Act: Audit of accounts is required under LLP Act when the turnover of LLP exceeds forty lakh rupees in any financial year or when the contribution exceeds twenty-five lakh rupees. Income Tax Act: Audit of accounts is required under Income Tax Act when the annual turnover of LLP is more than one hundred lakhs rupees.
If In case of LLPs with turnover more than five crore rupees in a financial year or contribution more than fifty lakh rupees, the annual return shall be certified by a Company Secretary in Practice.
Yes. If the filing is not made within the time stipulated, there will be a fine of is Rs.100 per day after the due date subject to a maximum of Rs.30000/-
₹8999