DIGITAL SIGNATURE IN TAMBARAM
LLP Annual Filing
LLPs in India must file its Annual Return within 60 days from the end of close of financial year and Statement of Account & Solvency within 30 days from end of six months of close of financial year.
LLP Accounts Maintenance
All LLPs are required to maintain proper books of accounts since registration on cash
basis or accrual basis. Private Limited Companies are required to maintain book of accounts only in accrual basis;
The book of accounts must be maintained at the Registered Office of the LLP.
LLP Tax Audit
LLPs are required to have its accounts audited by a practicing Chartered Accountant if its annual turnover, in any financial year exceeds Rs.40 lakhs
Income Tax Return Filing
LLPs must file income tax return using Form ITR 5. The deadline for LLP tax filing in India
is July 31st if tax audit is not required. LLP whose turnover exceeded Rs. 40 Lakh or whose contribution exceeded Rs. 25 Lakh are required to get their accounts audited by a
practicing Chartered Accountant. The deadline for tax filing for LLP required to obtain audit is September 30th.