LLP Annual Filing

LLP or the Limited Partnership is a hybrid combination of a limited and partnership company.

Minimum two partners are required to incorporate an LLP there is no such upper limit.

The financial year for the LLPs starts from the 1st of April to the 31st of March.

Besides the MCA annual return filing, the limited liability partnerships must also mandatorily file the income tax return every year.

IndiaFilings provides a comprehensive LLP compliance service that includes annual filing and LLP income tax return filing at a very affordable price point.

The ownership can also be transferred from one person to another without much difficulty.

Documents required

DSC (Digital Signature Certificate)

DIN (Director Identification Number).

Passport (If the applicant is from another nation).

Supplementary Deed for the new partner

The Original LLP deed (To be submitted within 30 days of the addition of designated partner)

Form 3 and Form 4 have to be submitted as per the stated procedure

Procedure for LLP Tax Filing

Step 1

LLPs must file an income tax return using Form ITR 5.

Step 2

Form ITR 5 can be filed online through the income tax website using the digital signature of the designated partner.

Step 3

After filing an LLP tax return, the taxpayer should print two copies of Form ITR-V.

Step 4

One copy of ITR-V, signed by the assessee should be sent by ordinary post to Post Bag No. 1, Electronic City Office, Bengaluru–560100 (Karnataka).

Step 5

The other copy can be retained by the assessee for his record.

Step 6

After this process, form-3 should be filed and processed along with the partnership deed within 30 days of the appointment.

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