LLPs in India must file their Annual Return within 60 days from the end of financial year and Statement of Account & Solvency within 30 days from the end of six months of close of financial year. Unlike Companies, it is compulsory for LLP’s to maintain their financial year, as 1st April to 31st March.
Therefore, LLP annual Filing is due on 30th May and the Statement of Account & Solvency is due on 30th October of each financial year.
If the annual turnover exceeds Rs. 40 lakhs or if the contribution exceeds Rs. 25 lakhs then, LLP’s are not required to audit their accounts.
DOCUMENTS REQUIRED FOR LLP ANNUAL FILING
- Statement of accounts
- Disclosure under MSME development Act (if applicable)