Annual Compliance for LLPs A Simple Approach

Annual Compliance for LLPs A Simple Approach involves a few key steps to keep your business in good standing. Each year, you need to file Form-8 (Statement of Accounts and Solvency), Form-11 (Annual Return), Director KYC, and Income Tax Return. Additionally, maintain accurate books of account and be aware of audit requirements if your turnover exceeds 40 lakhs or capital contribution is over 25 lakhs. Staying on top of these tasks helps avoid penalties and ensures smooth operation.