Every Limited Liability Partnership company that is a hybrid of a Private Limited Company and Partnership type of business integrates the advantages of both type of business and has at least two designated partners and at least one of them needs to be a resident of India.
Apart from filing Annual returns, LLP is also supposed to file a statement of accounts and solvency prior to 6 months of the closing of the financial year. An LLP compulsorily needs to close their financial year on 31st March always. But before filing annual returns, every LLP needs to know the steps to file LLP returns.
Step by step guide to filing LLP return:
- Download Form11
- Check out your LLPIN
- Mention amount contributed by partner
- Mention penalty if any
- Mention if turnover is more than 5 crores
- Verification of all Details
After attaching or filling the important details, all details are verified. Once verified, you need to login to the portal of Ministry of Corporate Affairs and need to upload e-form. Make required payment and this is how LLP return procedure is completed successfully.
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