• +91 80555 66789
  • office@anbca.com
    LLP Due Date Compliance Calendar FY 2019-20LLP Due Date Compliance Calendar FY 2019-20LLP Due Date Compliance Calendar FY 2019-20LLP Due Date Compliance Calendar FY 2019-20
    • Start Business
      • For Indians
        • Proprietorship Registration
        • Partnership Firm
        • One Person Company
        • Limited Liability Partnership
        • Private Limited Company
        • Public Limited Company
      • For Foreign Owners & Others
        • Indian Subsidiary
        • Liasioning Office in India
        • Branch Office Registration
      • Special Entities
        • NGO Registration
        • Nidhi Company Registration
    • Registrations
      • Tax Registrations
        • Online GST Registration
        • RERA Agent Registration
        • ESI Registration
        • Profession Tax
        • Provident Fund
        • IEC Registration
      • Other
        • Factory Act Registration
        • MPCB
        • MSME
        • STPI Registration
        • OSP (DOT)
        • Shop Act
        • Trademark Registration
        • IT/ITES Subsidy
        • DIC Registration
        • PASARA License
    • Compliances
      • Audit
        • Internal Audit
        • Tax Audit
        • Statutory Audit
        • Co-operative Society Audit
        • Trust Audit
        • STPI Compliances
      • Secretarial Services
        • Company Annual Filing
        • LLP Annual Filing
        • Add Partner LLP
        • Change Director
        • Change Company Name
        • LLP Closure
      • Out Source
        • Income Tax Filing
        • Payroll Outsourcing
        • TDS Return Filing
        • Virtual CFO
    • GST
      • GST Registration
      • GST Audit
      • GST Refund Manufacturer
      • GST Refund Service Exporter
      • Composition Scheme
      • GST Return Filing
    • Import Export
      • EPCG
      • MEIS
      • SEIS Scheme
      • Star Export House
      • Advance Authorization
      • Import at Concessional Rate
      • DGFT Consultancy
      • Factory Stuffing Permission
    • Income Tax Filing
    • Contact Us
    ✕
    DGFT Digital Signature DSC
    February 15, 2020
    PASARA License registration
    PSARA License | Private Security Agencies license
    February 24, 2020
    LLP Due Date Compliance Calendar FY 2019-20

    LLP Due Date Compliance Calendar FY 2019-20

    Every LLP need to file Its Annual Returns, Statement of Account , Income Tax Return. MCA and Income Tax department given LLP Due date compliance calendar FY 2019-20. For LLP there are three major compliances for FY 2019-20. This compliance’s return need to filed even if LLP not carrying any business activity. Annual Returns and Statement of Accounts for the Financial Year 2019-20.

    1. Form 11
    2. Form 8
    3. Income Tax Return


    Form 11 Due Date

    Every Limited Liability Partnership  need file Form 11 with Ministry of Corporate Affairs. This form need to be filed with in 60 days from end of Financial year. Due Date for Filing Form 11 For FY 2019-20 is 30 May 2020. This form contain information about Number of Partner , Contribution received, information of Body corporate as partner in LLP. This form need to filed online with use of DSC of Partner.

    Content of Form 11

    1. LLP Registration Details , Address
    2. Total Contribution in LLP
    3. Details of Designated Partners
    4. Details of body corporate as partner in LLP
    5. Details of Partner In any other LLP/ Company

    Form 8 Due Date

    Every Registered LLP in India , required to  File Form 8 with Ministry of Corporate Affairs (MCA). Due Date for Filing Form 8 For FY 2019-20 is 30 October 2020. This form have details of Annual statements of LLP.  Where LLP registered before 30 September 2019 Form 8 is required to filed. Form 8 is generally known as Statement of Account & Solvency. This have details of Profit and Loss statement and Balance sheet of LLP. Form filing Form 8 LLP need to prepare its Financial statements.

    Content of Form 8 of LLP

    1. Contribution & Liabilities
    2. Fixed & Other Assets
    3. Loans & Advances
    4. Profit & Loss details
    5. Disclosures under Micro, Small and Medium Enterprises Development Act, 2006

    Income Tax Return

    In terms of Income Tax , LLP is different entity from Its partners. Every LLP need to file Income Tax return. In Income tax return LLP need to show its Financial statements and calculate profit accordingly. LLP need to calculate there income tax liability and pay it become filing of Income tax return. For LLP not under audit , its due date for LLP ITR Filing FY 2019-20 is July 2020. Even where LLP not carrying business need to file NIL ITR return.

    Content of LLP Income Tax Return FY 2019-20

    1. Details of Profit & Loss Statement
    2. Balance sheet
    3. Remuneration paid to partners if any
    4. Interest on capital paid to partners if any
    5. TDS Statement of LLP

    Tax Audit Report

    Tax Audit Report for LLP is Verification of Books Accounts , Supporting documents etc. by Practicing Chartered Accountant. This audit need done as per Section 44AB of Income Tax Act 1961. LLP whos turnover falling under tax audit criteria required to File TAX Audit Report Form 3CD, 3CB to Income Tax Authorities.

    LLP Tax Audit Due Date FY 2019-20

    1. LLP Tax Audit ( Non Transfer Pricing ) – 30 September 2020
    2. LLP Tax Audit ( Transfer Pricing ) _ 30 November 2020

    GST Return

    Every GST Registered LLP need to file GST Returns. GSTR 3 B return need to be filed in 20th of each month.


    Penalty for Late Filing LLP MCA

    Failure to file LLP Annual Filing Form 8 and 11 can lead to penalty of Rs.100/- per day per form. In case of non filing of Form 8 and 11 , late fees of Rs.200/- ( 100+100 ) per day till today date will be calculated. Its is also important to note that LLP Cannot be closed without annual filing. On failure to file MCA annual filing LLP may result into unlimited Statutory liability. Example ( For Late filing of Form 11 by 45 days by cost late fees of Rs. 4500/- ( 45 * 100 )


    Penalty For Non Filing of Income Tax Return

    Section 234 F of Income Tax Act 1961, introduced for Penalty for NON Filing of Income Tax return LLP. For Financial Year 2019-20 failure to file Income tax return by LLP incurs penalty of upto Rs.10000/- . LLP who filing Income tax return after 31 December 2020 , the mandatory penalty of Rs.10000/- shall be applicable.

    Below is Time Line chart For Penalty For Non Filing of Income Tax Return of LLP FY 2019-20

    E- Filing Date LLP Total income Below Rs 5,00,000 LLP Total income Above Rs 5,00,000
    31st August 2019 Rs 0 Rs 0
    Between 1st Sep 20 to 31 st Dec 20 Rs 1,000 Rs 5,000
    Between 1st Jan 21 to 31st March 21 Rs 1,000 Rs 10,000

    DSC Requirement

    All LLP filing for FY 2019-20 need to be done through Digital Signature of Partner. For Filing Form 8 , Form 11 and Income tax return DSC is required.


    Conclusion 

    Every LLP need to do timely filings of Form 8 , Form 11 and Income Tax Return. For Point of MCA LLP carries unlimited liability for failure to do compliance. Below is summarized LLP Due Date Compliance Calendar FY 2019-20.

    Sr. No. Nature of filing Filing At  LLP Due Date Calendar FY 2019-20
    1 Annual Return (Form 11) MCA 30-05-2020
    2 Accounts (Form 8) MCA 30-10-2020
    3 Income Tax Return (where Audit is not mandatory) Incoem Tax 31-07-2020
    4 Income Tax Return (where Audit is mandatory) Incoem Tax 30-09-2020


    Share
    1
    ANBCA
    ANBCA

    Related posts

    Income tax return filing for Crypto currency , Bitcoin

    Income tax return filing for Crypto currency , Bitcoin

    September 10, 2021

    Income Tax Return filing For Crypto Currency , Bitcoin


    Read more

    Start Digital marketing company in India

    May 14, 2021

    Start Digital Marketing Agency in India


    Read more
    Rectification in name of the Company under Company Act.

    Rectification in name of the Company under Company Act.

    May 25, 2020

    Rectification in name of the Company under Company Act, 2013


    Read more

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    logo

    A. N. Bhutada & Co. is trusted and versatile Chartered Accountant In Pune India. The firm have been providing various services under one roof in the field of Company Registration, Accounts outsourcing, Auditing, GST Audit, Filing in India.

    Recent Posts

    • Can employee become Director of a Private Limited company0
      Can employee become Director of Private Limited company ?
      September 19, 2021
    • Minimum Capital required for Partnership Firm0
      Minimum Capital required for Partnership Firm
      September 19, 2021
    • 0
      Board Resolution Format to Close LLP
      September 10, 2021

    Links

    • Online GST Registration
    • Private Limited Company
    • Proprietorship Registration
    • GST Return Filing
    • Tax Audit
    • Income Tax Filing

    Newsletter

      Enter your e-mail and subscribe to our newsletter


      © 2021 Betheme by Muffin group | All Rights Reserved | Powered by WordPress