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Tax Filing for LLP

Annual Filing LLPs


  • About


    Every LLP which are registered with the Ministry of Corporate Affairs have to file the Annual Returns and Statement of Accounts. The annual returns and Statement of Account & Solvency should be file within 60 days from the end of closing of financial year and within 30 days from end of six months of close of financial year respectively. All LLPs shall be under compulsion to retain annual accounts showing true and fair outlook of its state of affairs.

    There is confusion amongst many businessmen involved in a limited liability partnership that whether they have to file an annual return or not in case they aren’t doing business. It is important to note that whether one is doing business or not in a LLP they are supposed to file an annual tax report as government is not aware of the fact whether you are involved in the business or not.

    Highlights for Annual Filing for LLPs

    • Statement of Accounts and Solvency containing declaration by the designated partners linked with LLP’s financial position.
    • Annual return must be electronically filed in specified format with Ministry of Corporate Affairs.
    • Penalty of Rs.100 per day for non-filing or late filling of LLP Annual Return or Statement of Accounts before the due date.
    • Annual Return Due Date is within 60 days of close of every financial year.
    • If a LLP was set up on or after 1st October of a financial year, then the LLP can close first financial year either on the approaching or next 31st March.
    • Statement of Accounts of a LLP is due on or before October 30th of each financial year

    Audit requirement and certification

    Audit of accounts is an obligatory requirement under the Income Tax Act if an annual turnover of LLP crosses 1crore rupees. If the return of LLP is more than 5crore rupees in a financial year or contribution is higher than 50lakh rupees, the annual turnover shall be certified by a company secretary in practice.

    We at LexOracle are happy to help you with the above provisions.

    Also LLP has certain tax benefits which our Chartered Accountant and Tax-legal team is well experienced to guide you through.

    It is important to know that tax filling in a LLP involves certain parts and it is mandatory for every LLP:

    1. Annual Return
    2. Statement of Accounts or Financial Statements of the LLP
    3. Income Tax Returns Filings.

    The charted accountant and tax legal team at LexOracle will handle this entire process for you! Just click here to know more!


  • FAQs


    For more information contact us or instanty chat with us down below or Email at info@lexoracle.com. We will reply or contact you within 90 mins.

  • How it is done?


    Documents to be provided:-

    • Relevant data for the purpose of Income Tax Assessment e.g. all Accounts Books, Bank Statement of the Financial Year, etc.

    Steps:-


    Step1:- Receive expert counseling on Tax Assessment and filling by our Panel of CAs

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    Step2:- Pay 50% of the payment

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    Step3:- Provide all relevant Data for the purpose of Income Tax Assessment (We’ll guide you!)

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    Step4:- The application process will start within 24 hours of Document submission

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    Step5:- Make the Balance Payment at the time of Tax filling

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    Step6:- Receive your Original ITR (Income Tax Return) and ancillary documents

    Click on apply now and get it done right away!!


  • Packages Starting from INR 7,499/-[ All inclusive ]


    Get the Annual filing along with Statement of Accounts or Financial Statements of your Limited Liability Partnership (LLP) done by our Tax-Legal team efficiently and hassle free within 7* Days. LexOracle offers you comprehensive, economic, All-inclusive packages starting from JUST INR 7,499/-.

    Contact right now for free Consultation

    Prices are inclusive of Taxes.
    *Time period quoted is tentative and approximate





    Why Us?


    LexOracle is one-stop solution provider for any business entity, person or entrepreneur seeking for experienced lawyers or attorney, charted accountant and company secretary. Customer satisfaction, transparency in work and affordable cost has made us the leader of business incorporation, registration and legal services or support in India.



    Some features that make us only one of its kind

    • Reasonable cost and time-saving :- Over the years, we have helped numbers of clients save their precious money by getting the services and solutions done at effective cost within limited time period.
    • Guaranteed satisfaction :- Since inception, we have earned trustworthy relationship with happy clients by providing timely services with utmost satisfaction.
    • All time support :- Our successful and dedicated team of experts is available all round the clock for assistance and continuous support in case of any objection raised and skillful resolution of the same.

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