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LLP Annual Filing Related

Anil Rawat, ACA (CA in Full Time Practice) (68 Points)

23 February 2021

Whether a LLP need to file annual compliance for the FY 19-20, if it is incorporated on or after 01st Day of October 2019?

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 23 February 2021

If the turnover of the llp exceed 40 lakhs rupees and contributions exceeds 25 lakhs rupees then you should follow annual filing and audit otherwise not required

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Anil Rawat, ACA (CA in Full Time Practice) (68 Points)
Replied 23 February 2021

Thanks for your reply, but my question is that whether I need do ROC annual compliance I.e. Form8 and Form11, if my LLP incorporated after 30-09-19

prasad Nilugal (3914 Points)
Replied 23 February 2021

I think , You can file 18 months return ( from 1/10/2019 to 31/3/2021 ) by 31/3/2021, however you have to confirm on MCA web site or MCA office contact no .

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Anil Rawat, ACA (CA in Full Time Practice) (68 Points)
Replied 23 February 2021

Yes, I read it on one of the reputed website, but not able to find the respective provisions in the LLP Act.

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prasad Nilugal (3914 Points)
Replied 23 February 2021

Check out on Ministry of Corporate Affaires web site ( GoVT of India ) in FAQ section or you can contact them on phone, wherein you have to file return .

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Anil Rawat, ACA (CA in Full Time Practice) (68 Points)
Replied 23 February 2021

Right Prasad, thanks for your replies

Anil Rawat, ACA (CA in Full Time Practice) (68 Points)
Replied 23 February 2021

Found below question in FAQs:-

23 I have incorporated an LLP on 1st December of the financial year, when do I require filing my statement of accounts and annual return?

In case LLP has been incorporated on or after 1st October of the financial year, then LLP can close its first financial year either on the coming or next 31st March i.e. LLP files its first financial year details for 18 months.