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LLP Annual Compliance Calendar

The document outlines the annual compliance requirements for Limited Liability Partnerships (LLPs) under the LLP Act of 2008, including the filing of annual e-forms such as the Statement of Accounts and Annual Return. It specifies audit requirements based on turnover and contributions, as well as the necessity for filing income tax returns regardless of business activity. Additionally, it details the maintenance of records, changes in partners, and penalties for late filings.

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91 views4 pages

LLP Annual Compliance Calendar

The document outlines the annual compliance requirements for Limited Liability Partnerships (LLPs) under the LLP Act of 2008, including the filing of annual e-forms such as the Statement of Accounts and Annual Return. It specifies audit requirements based on turnover and contributions, as well as the necessity for filing income tax returns regardless of business activity. Additionally, it details the maintenance of records, changes in partners, and penalties for late filings.

Uploaded by

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Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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ANNUAL COMPLIANCE CALENDAR OF LLP

Limited Liability Partnership

Annual Copliances under LLP ACT- 2008:-

1. Annual e-Forms:

S. Agenda Particulars e-forms Due Date Form


No. Filling

1. Statement Of A “Statement of Accounts and


Account & Solvency Solvency” in prescribed form shall be
LLP-8 30th October
filed by every LLP with the Registrar
every year. sub-section (3) of section
34
2. Annual Return Every LLP would be required to file
annual return in Form 11 with ROC
LLP-11 30th May
within 60 days of closer of financial
year.

REGULAR OTHER REQUIREMENTS:

2. Requirement of Audit of Account Under LLP Act- 2008 (Rule 24) of LLP Rules – 2009.
Not Required to Audit
Required to Audit of
Account (If both
Account(If any one
condition does not
conditoin Applicable)
Applicable

Turnover Turnover doesn't


Exceed 40 exceed 40 Lakh
lakh rupees OR

Contribution Contribution
Exceed 25 doesn't exceed
lakh 25 lakh Rupees
3. INCOME TAX RETURN:

Every LLP have to file the Income Tax return with the Income Tax Authorities. Filing of returns is
mandatory whether the LLP has started any business or not. Date of Filling of Tax Audit is as given
below:

Due Date of Filling of Income


Tax Return- Section 44AB

Tax Audit Not


Tax Audit Applicable
Applicable

30 September of 31 July of
Assesment Year Assessment Year
4. APPLICABILITY OF TAX AUDIT ON LLP:

1
As per Section 44AB of Income Tax Act -1961

Total Sales/
If LLP is Carrying
Turnover Exceed
on Business
Rs. 1 Crore
Applicability of
Tax Audit
If LLP is Carrying Gross Receipt
on Profession Exceeds Rs. 50 lac

Legal Engineering
Company Secretary

Architectural
Technical
Accountancy Consultancy
Interior Decoration

Authorized Film Artist


Medical Representative
RETURNS AND RECORD REQUIRED BY LLP:

S. Agenda Particulars e-forms


No.

1. Books of Account LLP should Maintain proper Books of Account. N.A.

2. Minutes Book Minute’s book should be maintained to record minutes of N.A.


meeting of partner and managing/ executive Committee
of partners.
3. Change in Partner Any change in partner and designated partner (admission, Form- 4
resignation, cessation, death, expulsion) should be filed
electronically within 30 days of change.
4. Supplementary LLP Such admission and cessation will alter mutual right and From-3
Agreement duties of partner shall change. Hence, supplementary LLP
Agreement will be required to file within 30 days of
change.
5. Heavy Penalty Heavy penalty of Rs. 100/- per day late filling of Return N.A.

6. Change in Name Any change in Name of LLP should be filed Form-5


electronically within 30 days of change.

7. Change in Any change in place of registered office of LLP should be Form- 15


Registered Office filed electronically within 30 days of change.

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