Introduction
You have registered your business then it is important to follow all the necessary compliance which is for the benefit of your business structure in India. In a limited Liability Partnership in which a business structure with a minimum 2 members and no limitation on the maximum members. The compliance of an LLP is way less than that of a private Limited Company. It is important to keep a track of all eloquent statutory due dates for LLP Annual Filing which includes ROC Filing for LLP, Income Tax Filing for LLP, and GST filing for Limited Liability Partnership. It is very evaluative for an LLP to be well prepared for all the ROC and other abidance to be met in a particular Financial Year. We have prepared a calendar for the due dates for LLP Annual Filing for Financial Year 2021-22(The assessment Year 2022-23).
The filing date of LLP Form 11 granted up to 30th June 2022
The relaxation in late fees for the delay in filing Form 11 by LLPs till 30th June 2022 which is notified by the Ministry of Corporate Affairs. MCA represented an extension on the timeline for filing the Annual Return of Form 11 by LLPs and did not pay any additional fees. In view of the transition which was from version-2 to version-3 of MCA and to promote compliance on the part of Limited Liability Partnership when it was decided to allow to file the E-Form 11 of LLP of Annual Return for the Financial Year 2021-22 without paying any late fees up to 30th June 2022. The return must be e-filed with the Ministry of Corporate Affairs to avoid penalties and to maintain compliance. It was recorded if LLP's annual return must be filed in electronic form.
Extended Date for Filing LLP form 11 without late Fees: -
After some time LLP requested MCA to extend the date for filing the Annual Return (Form 11) without any additional fees or late fees. After that, it was decided to extend the deadline for filing the LLP Form 11 for the Financial Year without any additional fees until 30th June 2022. But further, the Ministry of Corporate Affairs (MCA) has extended the last date for filing Limited Liability Partnership form-11. This notification is issued on 29th June 2022 in which it has been decided to further extend the deadline and allow LLPs to file (Annual return) e-Form 11 for the F.Y. 2021-2022 without paying late fees up to 15th July 2022.
LLP Annual Filing
Every Limited Liability Partnership is required to file its annual return within 60 days from the end of the F.Y. and the statement of Account & Solvency within 30 days of the close of the financial year. According to the Limited Liability Partnership Act, It is required to file the 2 Forms which are mentioned below:-
1. Form LLP 11:- It is an Annual Return of an LLP that needs to be filed within the period of 60 days from the end of the financial year. The LLP annual Filing due date is 30th May of every year.
2. Form LLP 8:- It is a statement of Account and solvency within 30 days from the end of the 6 months of the closing of a financial year. These forms must be signed by two selected partners that are certified by CA/CS. If this form is not filed on time then he may pay the penalty of Rs. 100 per day.
It is necessary to comply with the statutory requirements like Annual Return, ITR, Profit and Loss Account, etc. for every LLP, but it does not do any business. LLP and companies are needed to maintain their F.Y. from 1st April to 31st March.
Requirements to Pre-fill MCA LLP Form 11
Limited Liability Partnership Identification Number which is assigned to the LLP when it is required to pre- fill Basic data.
All the Partners of LLP obtained sums/contributions of Declaration.
E- Form 4 which is concerned with payment of fees for notice of appointment, cessation, and revision by the designated Partner or Partner.
Get the DSC of your Designated Partner.
Documents required for submission of LLP 11
It is essential to submit all the information about where partners and designated Partners stand as the Directors/ Partners in LLP or Company.
Any additional details could be submitted which is an optional attachment to the same e-form.
Conclusion
It concluded that Every Limited Liability Partnership is required to file its annual return within 60 days from the end of the F.Y. and the statement of Account & Solvency within 30 days of the close of the financial year. It is necessary to comply with the statutory requirements like Annual Return, ITR, Profit and Loss Account, etc. for every LLP, but it does not do any business. LLP and companies are essential to maintain their F.Y. from 1st April to 31st March. After some time LLP requested MCA to extend the date for filing the Annual Return (Form 11) without any additional fees or late fees. After that, it was decided to extend the deadline for filing the LLP Form 11 for the Financial Year without any additional fees until 30th June 2022.
eStartIndia will help you file LLP Annual Return From 11 from the comfort of your home.
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