Every Limited Liability Partnership (LLP) must file an Income Tax Return (ITR-5) annually, irrespective of profit or loss. We ensure accurate computation, tax audit assistance (if required), and timely filing to avoid penalties.
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Limited Liability Partnerships (LLPs) are taxed at a flat rate of 30% (plus surcharge and cess). Filing ITR-5 is mandatory by 31st July (for non-audit cases) or 31st October (for audit cases). It helps in carrying forward losses and claiming refunds.
Business losses can be carried forward for 8 years only if the ITR is filed on time.
ITR acknowledgments are the primary documents required by banks for processing business loan applications.
Late filing attracts interest under section 234A and a late fee up to ₹5,000 under section 234F.
Claim refund of excess TDS deducted by clients. The refund is processed only after ITR verification.
Finalization of accounts and preparation of financial statements by our experts.
Calculation of total income and tax liability after claiming eligible deductions.
Verification of data with Form 26AS and AIS/TIS to ensure accuracy.
Uploading the return on the Income Tax portal using the Digital Signature (DSC).
We provide a dedicated Startup Advisor, monthly compliance status reports, and ensure 100% accurate filing at the lowest fees in the market.
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