Question 1

Who Must File LLP Annual Returns?

Accepted Answer

All registered Limited Liability Partnerships (LLPs) in India, irrespective of turnover or business activity, must file annual returns every year with the Ministry of Corporate Affairs (MCA).

Question 2

What are the Common LLP Filing Mistakes to Avoid?

Accepted Answer

Common errors include missing filing deadlines, incorrect financial details, incomplete partner information, wrong digital signatures, and failing to file both Form 8 and Form 11.

Question 3

What are the Different Types of Compliance Filings for an LLP in India?

Accepted Answer

Key compliance filings for an LLP in India include Form 11 (Annual Return), Form 8 (Statement of Accounts), Income Tax Return, & event-based filings like a change in partners or registered office.

Question 4

How Do I File My LLP’s Form 11 and Form 8 Online?

Accepted Answer

Log in to the MCA portal, download e-forms, fill in details, attach documents, digitally sign, & upload with applicable fees before the due date.

Question 5

What Are the Consequences of Non-Compliance with LLP Annual Filing?

Accepted Answer

Late LLP annual filing attracts heavy penalties of Rs. 100 per day, loss of legal standing, potential partner disqualification, & difficulties in obtaining loans or government tenders.

Question 6

Is It Necessary for an LLP to Undergo a Tax Audit?

Accepted Answer

Yes, if the LLP’s annual turnover exceeds Rs. 40 lakh or its contribution exceeds Rs. 25 lakhs, it must undergo a statutory tax audit under the Income Tax Act.

LLP Annual Filing Compliance

Annual filings for Limited Liability Partnership (LLP)

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