📊 "LLPs incorporated in India have to file their annual returns, financial statements, and ITR to meet their yearly compliances. In this video, we have discussed all these filings in detail including their process, documentation, and due dates. For complete information, make sure you watch the video till the end!

📝 What is LLP Annual Compliances? - LLPs are popular business structures for Startups to get incorporated. One of the major reasons for this popularity is the extremely low number of annual compliances they are required to meet. The LLP Act, which governs LLPs in India prescribes only 2 ROC compliances for it, one being the filing of Form 11, wherein the annual returns of the LLP are submitted, and the other being the filing of Form 8, wherein its financial statements and Statements of Solvency are submitted. Besides these two filings, the Income Tax Act also prescribes the annual submission of Income Tax Returns of the LLP, similar to other corporate entities in India. Among the internal compliances, we have the annual preparation of financial statements, as well as various tax and statutory audits applicable to LLPs, whose turnover and paid-up capital have crossed a certain limit. So, to sum up, here is a complete list of the compliances an LLP has to fulfill every year. 📅

For more details, you can visit https://www.setindiabiz.com/llp-annual-compliance We also provide professional services of LLP Annual Filings, so you can fill out the form given on this link to raise a request with us!