Related imageHello everyone; Trust all of you doing extremely well in your life. Today, I would like to share Compliance’s  due for your LLP for Financial Year ended 31st March 2017. Dearils are:-

  1. Annual Return of Limited Liability Partnership (Form 11) to be filed before 30th May 2017.
  2. Income Tax return to be filed before 31st July 2017 (for Tax Audit cases Income Tax return is Due on 30th September 2017).
  3. Statement of Account & Solvency (Form 8) to be filed before 30th October 2017.

Penalty for Delay in filing of Form 8 / Form 11 is Rs 100 per day from the due date.

Example: Due date for filing of form 11 for FY 2016-17 is 30 May 2017. If the form is filed late, say on 29 July 2017 ( Late by 49 days) Additional fees (Penalty) for filing the form will be Rs 4900/-. Such penalty is non refundable and there is no process to escape this penalty.

Following Documents are required for Annual Compliance’s of LLP:

  • Bank Statements from 1 April to 31 March for all bank accounts in the name of LLP.
  • Credit Card Statements if Expenses are incurred by Partners on behalf on LLP.
  • Invoices of Purchases and Sales during the year.
  • Invoices of Expenses incurred during the year.
  • Copy of VAT or Service Tax returns filed (If Any).
  • Copy of TDS Returns filed and Challans Deposited.
  • Digital Signatures for at-least 2 Partners.

Regards | Sukhwinder Singh | 9999939069