30
Mar
"Annual Declaration" means a declaration required to be lodged by a Limited Liability Partnership (LLP) under section 68 of LLP Act. Annual returns statement contains of the book of accounts accompanied by documents as required in the declaration. Given that the dates are getting closer, we have written this blog to guide you LLPs with the annual returns filing. Conditions For Compulsory Auditing Of Accounts What is this? Well, LLPs, if records a turnover exceeding INR 40L or whose contribution exceeds INR 20L need to get their accounts audited. How should it be done? LLPs are required to follow these…