An LLP is required to file the Annual Return with the Registrar of LLP (Form 11) within 60 days of closure of its financial year. An LLP has to close its financial year on every 31st March. So, the Annual Return is to be filed on or before 30th May every year. However it is clarified that the time-limit of 60 days shall be read as 90 days for filing of Form 11 by LLPs in respect of the Financial Year ending on 31-3-2012 vide Circular No. 13/2012 [F.No. 1/1/2011-CL-V],This circular shall be effective from 31-5-2012.
2. Filing of Annual Accounts
Every LLP has to maintain books of accounts as per double entry system of accounting and prepare a Statement of Accounts and Solvency (Accounts) every year ending on 31st March. LLP has to file such Accounts to the Registrar of LLP (Form 8) within 30 days from the end of 6 months of such financial year. So, the filing of Accounts is to be filed on or before 30th October every year.
18 June 2012
Further as per Income Tax Act, LLP has to close its financial year as on 31st March every year and has to file the returns with Income Tax Department. In case of LLP whose annual turnover is more than Rs.60 Lakhs, the accounts have to be audited as required under Income Tax Act as well.
A LLP have to file its Income tax Returns on or before the due dates as follows:
LLP whose accounts are not required to be audited under any Law-- 31st July of every year.
LLP whose accounts are subject to Audit under any Law --30th September of every year or such other date as may be notified by the Income Tax authorities.
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