Every Limited Liability Partnerships (LLPs) is required to file LLP Form 8 (Statement of Account & Solvency) and LLP Form 11 (Annual Return) annually. The due dates for filing for the year 2012-13 is nearing.
LLP Audit Requirement:
Only those LLP whose annual turnover exceeds Rs. 40 lakhs or whose contribution exceeds Rs. 25 lakhs are required to get their accounts audited by a qualified Chartered Accountant.
LLP Annual Accounts Requirement:
All LLPs are required to maintain the Books of Accounts in Double Entry System and has to prepare a Statement of Solvency (Accounts) every year ending on 31st March. LLP Form 8 to be filed with the Registrar of LLPs on or before 30th October every year. i.e 30-10-2013 is the last date for filing annual accounts this year.
LLP Annual Return Requirements:
Every LLP is required to file Annual Return in Form 11 to the Registrar within 60 days from the closure of financial year i.e the Annual Returns has to be filed on or before 30th May every year. i,e 30-05-2013 is the last date for filing annual Returns this year.
LLP Income Tax Filing:
If the LLP comes under the category which Does NOT requires Audit, the Income Tax returns to be filed on or before 31-07-2013 and for an Audited LLP the due date is 30-09-2013