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LLP ANNUAL FILING


About LLP Annual Filling.

  LLP is a corporatized partnership entity hence it is also mandatory for it to fill its annual return and financial statements with the ROC. Audit is mandatory where the turnover exceeds ₹40 lakhs in a financial year or where the contribution exceeds ₹25 lakhs in a financial year. The Auditor of LLP must be a Chartered Accountant in practice. Auditor is appointed every year at least 30 days before the end of financial year (except for the first financial year where auditor can be appointed any time before the end of financial year). Audit of LLP under the Act is done in accordance with Rule 24 of LLP, Rules 2009. On the other hand, Statement of Accounts and Solvency of a LLP is due within 30 days from the end of six months of close of financial year. Statement of Accounts and Solvency is a mandatory filing that is required for all LLPs in India. Statement of Accounts and Solvency contains a declaration on the state of solvency of the LLP by the designated partners and also information related to statement of assets and liabilities and statement of income and expenditure of the LLP. An auditor audits the financial statements of LLP to express an opinion that the financial statements for the period under audit provide a true and fair view and that the users of financial statements can rely on these statements. And beside that it may be possible that the LLP is required to be audited as per Income tax due to its separate provisions.

Documents required for LLP Annual Filling.

Ø    LLP Agreement.
Ø    Details of Partners and capital contribution.
Ø    Financial Statements.
Ø    Disclosure under MSME development Act (if applicable)

What is included in our Package.

Ø    Annual Filling and its Documentation.
Ø    Annual Return Preparation.
Ø    Statutory Fees.
Ø    All other consultancies.