LLP Annual Compliance

Every LLP is required to file Form-8 (Statement of Accounts and Solvency), Form-11 (Annual Return), Director KYC, and Income Tax Return annually. These filings are mandatory regardless of the LLP’s turnover or business transaction volume.

In addition to the mandatory filings of Form-8, Form-11, Director KYC, and Income Tax Return, LLPs are also required to maintain accurate books of account. This ensures transparency and accountability in financial transactions and facilitates proper management of the LLP’s affairs.

Moreover, LLPs need to be aware of the threshold limits for turnover, sales, and capital contribution that trigger the requirement for an audit. If the LLP’s turnover/sales/gross receipts exceed 40 lakhs or if the capital contribution is above 25 lakhs, an audit becomes mandatory. Our team of experts at Vakil Adda can guide LLPs through these requirements, ensuring compliance and minimizing the risk of penalties.

Failure to comply with LLP ROC Filing requirements can result in penalties and legal consequences. Therefore, it is essential for LLPs to stay updated on their compliance obligations and fulfill them in a timely manner. With our LLP Compliance consultancy services, we offer expert assistance in ROC Filing, DIN KYC, audit, and Income Tax Return filing. Our goal is to provide accurate and reliable solutions that help LLPs navigate the complexities of regulatory compliance with ease.

By partnering with Vakil Adda, LLPs can rest assured that their compliance needs are in safe hands. Our experienced team ensures that all filings are accurate, complete, and submitted within the stipulated deadlines. Ensuring proper compliance with regulatory requirements is crucial for the smooth operation of any Limited Liability Partnership (LLP). At Vakil Adda, we understand the importance of LLP compliance and offer comprehensive services to assist LLPs in meeting their obligations.