ANNUAL COMPLIANCE’S OF LLP
All LLPs registered with the Ministry of Corporate Affairs need to file Annual Returns and Statement of Accounts for every Financial Year. It is mandatory for a LLP to file a return irrespective of whether it has done any business. There are three mandatory compliance requirements to be followed by LLPs.
- Filing of Annual Return
- Annual return or Form 11 is the summary of all LLP partners. It is also an indication if there is any change in the management. Every LLP is required to file Form 11 within 60 days from the closure of the financial year.
- Filing of Statement of the Accounts or Financial Statements
- All LLPs are required to maintain their Books of Accounts in Double Entry System. They also need to prepare a Statement of Solvency (Accounts) every year ending on 31st March. For this purpose, LLP Form 8 should be filed with the Registrar of Companies on or before 30th October every year.
Form 8 or Annual Statements is applicable to the LLPs registered till 30th September 2017. For LLPs registered after 1st October 2017, the Annual Statements can be filed in 2019.
|Forms to be filed||Last date for filing|
|Annual Return (Form 11)||30-05-2018|
|Accounts (Form 8)||30-10-2018|
- Filing of Income Tax Returns
|INCOME TAX RETURN||Last date for filing|
|In case Audit is not required||31-07-2018|
|In Case Audit is required||30-09-2018|
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