LLP ANNUAL FILING
Get LLP Annual Filings @ Rs 5000 (Professional fee)
- Documentation as per the LLP Act 2008
- Filling E-form LLP 8 and LLP 11.
- Time required: 4-5 working days
- Dedicated account manager
- 100% Online Process
WHAT IS LLP ANNUAL FILING?
LLP incorporated under the LLP Act 2008 shall file Form for ‘Solvency of Accounts’ and ‘Annual Return’ at the end of every financial year in LLP Form 8 for which ROC filing due date is 30th October of each financial year and LLP Form 11 for which ROC filing due date is 30th May of each financial year respectively. Timely LLP annual filing is vital as well as mandatory for all the entities registered under the LLP Act 2008.
The financials of the LLP are not required to be audited except those LLP’s whose turnover exceeds rupees forty lakhs or contribution is above rupees twenty-five lakhs. Apart from the MCA annual return, LLPs are required to file an income tax return every year. LLP filings and maintenance is quite simple and cost-effective if the same is compiled within the time prescribed in the law. But if the filings are not done before the due date then heavy late filing fees shall be applicable i.e. to say at a normal fee of Rs. 50, additional fees of Rs. 100 shall be applicable on a per-day basis. Hence make sure to get your filings completed within the prescribed time. At Provenience, we offer you a range of packages to suit your specific requirements.
FEATURES
Analyse Financial Position
The filing of annual forms requires the compilation of accounts for the entire year, which helps to analyse the financial position of the LLP, i.e. LLP is incurring losses or making a profit.
Proof Of Existence
The Government keeps the record of the existence of the LLP based on the regular LLP annual filings which every LLP is required to file or else the LLP is considered fake and can be struck off suo motu by the ROC.
Protection Against Payment of A Hefty Penalty
The timely and yearly filing of forms avoids the burden of penalty which may arise due to non-filing regularly.
Aid to other objectives
Incase of raising funds, contribution or applying for other registrations and for any other new venture, latest filed returns are very important documents to check the validity and reliability of the LLP.
Requirements
- Every LLP is required to file LLP Form 8, for which ROC filing due date is 30th October of each financial year and LLP Form 11 for which ROC filing due date is 30th May of each financial year
- Audited Financial Statement if turnover exceeds Rupees Forty lakhs or contribution to Rupees Twenty Five Lakhs.
- Audited Financial Statement if turnover exceeds Rupees Forty lakhs or contribution to Rupees Twenty Five Lakhs.
- Disclosure of Interest by each Designated Partner as on date.
LLP Annual Filing Process
- 1
Required documents
Audited financial statement, if turnover exceeds Rupees Forty Lakhs or contribution is above Rupees Twenty-Five Lakhs.
- 2
Preparation of the Documents
Disclosure of interest by all the designated partners and filing of Form.
- 3
Form11 filing
Form 11 Filing on or before 30th May for Every Financial Year
- 4
Form 8 filing
Form 8 filing on or before 30th Oct for Every Financial Year
customer stories
Bhanu has been working for Unifii for the last 1.5 years and as our accountant and Legal advisor. His knowledge and attention to detail have aided in keeping our company on track during recent times and through a major restructure. I feel confident in recommending Bhanu's and his team's professional services. He is not only thorough but also easy to work with and always willing to take the time to discuss my concerns and respond to questions.
Harneet Singh
Sydney, New South Wales, Australia
He is proactive, result oriented, and a responsible person. He is always ready to put all his energy and time to get the work done in the best possible manner. Bhanu is a well connected professional that always takes the time to support anyone is his network. I wish him all the best.
Smriti Anand
Extremely professional, time oriented and supportive are three words that goes perfectly well for Bhanu. He is my go to person for all accounting queries and requirements. I strongly recommend his professional services to all. Besides he is a great human being to know.
Sarita Chauhan
Chairman & Director Farsighters Network and Communications Pvt Ltd
I've worked closely with Bhanu. He is a very thorough and confident person. He knows his work well and tries to improvise in everything. Wish you luck Bhanu!
Harcharan Singh
Chartered Accountant UAE
Bhanu is a person to count upon, with his expertise in his domain and knowledge he brings on you can reach him with a problem any time. His appetite to listen and understand the issue makes him the man for the job. He is proactive, energetic and a resourceful guy. My best wishes to Bhanu and Provenience for future endeavour.
Ashwani Soni
Founder, Addensure Media LLP
Provenience is perfect to partner with in your startup or corporate journey. Seamless service and support provided by team is really helpful specially when you are trying to setup your venture. I would like recommend Provenience to every startup.
Amit Tyagi
Founder, Onmytap- NETWORK FOR PROFESSIONAL GROWTH
Bhanu is one of the most sincere and trustworthy person I have come across. He is extremely ethical and is completely customer focused. His hard work and dedication is commendable and with him handling the legal as well as taxation things are always in order and compliant. Keep up the good work Bhanu. Wishing you more and more success as you grow.
Kiranjeet Kaur
Co-founder, Executive - Brightsandz Clean Tech Pvt Ltd
Price
Standard
5000
6000
- LLP Form -8 and Form -11 Fillings upto a Turnover of 10 Lakh (Excluding Govt Fees and GST)
Basic
6000
7200
- LLP Form -8 and Form -11 Fillings upto a Turnover of 25 Lakh (Excluding Govt Fees and GST)
Premium
7000
8400
- LLP Form -8 and Form -11 Fillings upto a Turnover of 50 Lakh (Excluding Govt Fees and GST)
Frequently Asked Questions (FAQs)
Yes, every LLP is covered under this compliance and are required to file the annual forms.
Form 11 LLP (Filing of Annual Return) is required to be filed within 60 days of closure of the financial year, i.e. 30th May and Form 8 LLP (Statement of Account & Solvency) is required to be filed before 30th Oct for every financial year.
The disclosure of the interest of all designated partners is attached in LLP Form 11. Further Disclosure under Micro, Small, and Medium Enterprises Development Act, 2006 is attached in LLP Form 8. The audited financial statement is an additional attachment in LLP form 8 if its turnover exceeds Rupees forty Lakhs or contribution is above rupees twenty-five lakhs.
The penalty of Rs 100/- per day from the due date of filing shall be applicable till the default continues.
The Statement of Accounts and Solvency contains a declaration by the designated partners pertaining to the solvency of the LLP, statement of assets & liabilities, and statement of income & expenditure.
Form 11 can be certified by at least two designated partners of the LLP. However, if the turnover exceeds five crores or the contribution of LLP is more than Rs 50 lakhs, then the annual return of the LLP will have to be certified by a practising company secretary.
Yes, you are required to complete the LLP annual filing as per the norms even if you have not conducted any business during the entire year. As per the law, NIL return is required if no business is done.
