As per Income Tax Act, As per Income Tax Act, an LLP has to close its financial year as on 31st March every year and has to file the returns with Income Tax Department. LLP whose turnover exceeded Rs. 40 Lakh or whose contribution exceeded Rs. 25 Lakh are required to get their accounts audited by a practising Chartered Accountant as required under Income Tax Act..
An LLP has to file its Income tax Returns on or before the due dates as follows:
|
LLP Category |
Due date for filing IT Return |
|
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 |
Ongoing Compliance
