Income Tax Return Filing compliance by LLP– In the filling of ITR 5 Every LLP Registered shall file ITR Return filling in ITR-5 within the below prescribed time limit: PARTICULARS REQUIRED TO BE MADE DUE DATE OF Limited Liability Partnership All Registered Limited Liability Partnership which yearly Turnover of less than Rs. 40,00,000/- in the …
Relaxation in paying additional fees in LLPs Filling MCA has made Relaxation in payment of additional fees in case of late in filling all the e-forms by LLPs which are due on and after 25th Feb, 2022 to 31st May, 2022 up to 30th June,2022 This issues with the approval of the relevant authority . …
Conversion of Partnership Firm into LLP The move from traditional partnerships to Liability Partnerships (LLPs) has increased dramatically. The explanation for this is that LLPs offer more versatility, limitless partners, and the like. But the main driving force behind the change is the fact that LLPs offer a big benefit in terms of limited liability. …
Conversion of Partnership Firm to LLP INTRODUCTION In India, one can form different forms of businesses like – Partnership Firms, Limited Liability Partnership, Private Limited Company, One Person Company, Sole Proprietorship, Public Company. Thus, as an entrepreneur, once has to analyses all these forms and choose the best one that suits them the most. All of the …
LLPs incorporation & Annual event-based compliances It is a tactful process and it includes a step by step process. LLP is an emerging small business entity practiced in India under a certain act known as the Limited Liability Partnership Act, 2008. The relaxation of the FDI rules which concerns Limited Liability Partnership has drastically increased …
CONVERSION OF LLP INTO COMPANY LIMITED BY SHARES. LLP Act, 2008 does not cover the conversion of LLP into Company but in Companies Act, 2013 conversion of LLP into Company is covered in section 366. Please note that recently MCA has notified Companies (Authorized to Register) Amendment Rules, 2018 which shall came into force on …
POST INCORPORATION COMPLIANCES FILINGS OF LLP The Limited Liability Partnership is one of the most prominent and popular form businesses across the world. LLPs are a combination of elegant and easy means of combining entrepreneurial initiative with requisite capital, professional expertise, and creative knowledge all under a single roof. LLPs are taxed at par with …