File your LLP income tax return correctly and avoid penalties.
Every LLP must file Income Tax Return annually, even if there is no business activity or income.
LLPs engaged in trading, manufacturing, or services must file ITR declaring profits or losses.
Even if the LLP has incurred losses, filing is mandatory to carry forward losses.
If TDS has been deducted, filing ITR is necessary to claim refunds.
LLPs exceeding prescribed turnover limits must file ITR along with tax audit report.
Yes, filing is compulsory even if there is no turnover.
ITR-5 is used for LLP income tax filing.
Generally 31st July (non-audit) or 31st October (audit cases), subject to government notification.
Audit is required if turnover exceeds prescribed limits under Income Tax Act.
Penalty, interest, and loss of carry forward benefits may apply.
Let SASA Corporate Solutions handle your compliance. Focus on growing your business.
