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DATA COMPILATION
The ROC Annual return of LLP (Form -11) is an annual information report to the ROC about various changes which might have taken place in LLP. Compile the data of all changes like partners, address, etc.
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FILING OF FORM - 11
The eform form 11 must be filed with the digital signature of two designated partner before 30the May 2019. The government is only Rs. 50, however, if late the additional fee is Rs. 100 for each day of delay.
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ACCOUNTING
The of the books of account is fundamental for filing ITR and Form 8. You should cross check compliance of TDS, GST and advance tax payments and then the Financial Statements for the LLP
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ITR FILING
The first step towards the ITR filing is the creation of the profile of LLP on tax portal, thereafter made a computation of tax payable based on the financial statements and finally filing of the ITR.
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FILING OF FORM 8
The annual financial return must be filed to the ROC in form 8, before 30th October 2019, this is a declaration of solvency of the LLP. The normal filing fee is only Rs. 50, however, the delay will cost you Rs. 100 for each day of delay.
Form -11 (Annual Return of LLP)
The form 11 is also known as the annual return of the LLP to be filed online to ROC, it contains information about the partners, their contribution to the capital, a summary of changes in the partners of the LLP, its address, etc.
Income Tax Return for FY 2018-19
The ITR filing for the Financial Year 2018-19 must be filed before 31st July 2019 after making payment of applicable income tax. Even if the LLP is incorporated on the last day of the FY, The ITR has to be submitted.
Form - 8 (Financial Report of LLP)
Form 8 is a financial report to ROC, which is also known as the statement of accounts and solvency, which pertains to the previous financial year. The due date of filing Form 8 is 30th October 2019 for the FY 2018-19
Statutory Audit of LLP
Every LLP having a turnover in excess of 40 Lac or if the capital is more than 25 Lac, then a statutory audit of the books of the account becomes mandatory, which must be done by a CA in full-time practice
Frequently Asked Questions
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