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We Are Registered Under:-
Income Tax Return Filing for LLP
100% Online Process :-
  • Preparation of ITR Form
  • Filing of ITR Form
  • Acknowledgement/Receipt of ITR Form

Original price was: ₹7,000.00.Current price is: ₹3,500.00.

*Term & Conditions:-
Strengths:-
  • Budget-friendly
  • Fast and reliable
  • Transparency You Can Trust
  • Progress Updates

ITR Form:

LLPs typically file their ITR using Form ITR-5, which is specifically designed for partnerships. If the LLP has undertaken international transactions or specified domestic transactions requiring a report from a Chartered Accountant under Section 92E of the Income Tax Act, it might need to file Form ITR-6.

Due Date:

The due date for filing ITR for LLPs depends on whether the LLP is subject to tax audit:

  • LLPs not subject to tax audit: 31st July of the assessment year.
  • LLPs subject to tax audit: 30th September of the assessment year.

Consequences of Non-filing:

Failure to file ITR within the due date can attract penalties and late fees. Additionally, the LLP may face:

  • Difficulty in claiming tax refunds or carrying forward losses.
  • Delay in processing of loan applications or other business approvals.
  • Damage to the LLP’s reputation and credibility.

 

Benefits:

  • Compliance with legal obligations: Filing income tax returns ensures compliance with the Income Tax Act, 1961, and avoids penalties for non-filing.
  • Claim tax deductions and exemptions: LLPs can claim various deductions and exemptions under the Income Tax Act, resulting in lower tax liability.
  • Carry forward losses: If an LLP incurs losses in a particular year, it can carry them forward to offset profits in subsequent years, reducing overall tax burden.
  • Maintain good financial records: Regular preparation of income tax returns encourages proper record-keeping and financial discipline for the LLP.
  • Access to credit and loans: Financial institutions often consider timely tax filing as a positive factor while evaluating loan applications.
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Steps

  1. Select Service and Make Payment:

    • Visit Company Mitra’s website and navigate to the “ITR Filing for LLP” section.
    • Choose the appropriate service based on your LLP’s income type and filing requirements.
    • Review the service description, inclusions, and fees carefully.
    • Add the service to your cart and proceed to make a secure payment using their available methods.

  2. Connect with the CA:

    • After payment confirmation, you’ll receive a notification or be contacted by a designated CA from Company Mitra.
    • They’ll provide a specific list of documents required for your ITR filing, which may include:
      • LLP registration documents (LLP Agreement, Form FiLLiP)
      • Audited financial statements (if applicable)
      • Bank statements reflecting income and expenses
      • Details of investments, income from other sources, and deductions claimed
      • Tax payment challans (if any)
      • Digital Signature Certificate (DSC) or authorized signatory details
      • Any other documentation as per Company Mitra’s requirements

  3. Gather and Submit Documents:

    • Carefully collect and compile all the required documents as instructed by the CA.
    • Ensure the documents are clear, accurate, and complete to avoid delays and potential penalties.
    • Submit the documents to Company Mitra through their preferred method (e.g., online portal, email, physical delivery).

  4. Document Review and ITR Preparation:

    • The CA will review your documents and ensure they comply with ITR filing requirements for LLPs.
    • They may request additional information or clarifications if needed.
    • The CA will prepare the ITR form based on your provided information and documents.

  5. ITR Review and Approval:

    • You’ll receive the draft ITR for your review and approval.
    • Carefully review the ITR for any errors or omissions and raise concerns with the CA if necessary.
    • Once you approve the ITR, the CA will proceed with e-filing.

  6. E-filing and Acknowledgment:

    • The CA will electronically file the ITR with the Income Tax Department using your DSC or authorized signatory details.
    • You’ll receive an acknowledgment confirming the successful filing of your ITR.

  7. Post-Filing Support (Optional):

    • Depending on the chosen service, Company Mitra may offer additional support, such as tracking the ITR processing status, responding to department queries, or assisting with tax refunds.

Documents Required

  • Pan Card of LLP: Self-explanatory.
  • Bank Statements: Bank statements reflecting all income and expenses for the financial year.
  • Audit Report (if applicable): If your LLP is required to get its financials audited, attach the certified audit report.
  • TDS Certificates: Copies of all Tax Deducted at Source (TDS) certificates received during the year.
  • Investment Proofs: Documents supporting any investments made by the LLP, such as mutual fund statements or purchase receipts.
  • Donation Receipts: Receipts for any donations made by the LLP eligible for tax deductions.
  • Partnership Deed: A copy of the LLP’s partnership deed.
  • Proof of Registration: Certificate of Incorporation or other document confirming the LLP’s registration.

Additional Documents (Depending on specific details):

  • Details of Foreign Transactions (for ITR-7): Documents related to any foreign transactions undertaken by the LLP, such as invoices, contracts, and bank statements.
  • Details of International Tax Treaties (for ITR-7): Documents pertaining to any applicable international tax treaties.
  • Transfer Pricing Report (if applicable): If your LLP is involved in related party transactions exceeding specified limits, a transfer pricing report may be required.
  • Other Relevant Documents: Any other documents supporting income, expenses, deductions, or claims made in the ITR.

Process Time

It will take 7-10 days depend upon Departmental Approval

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How does it work?

1

Select and Purchase:

Select Product & Complete payment using your preferred payment method.

2

Connect with a CA/CS/ADV

A dedicated CA from Company Mitra will promptly contact you via email or phone. They will provide a comprehensive list of documents required .

3

Gather and Submit Documents:

Start assembling the necessary documents as outlined by the CA.Submit Documents via Email/Whats App or Client portal .

4

Document Preparation and Submission

Your assigned CA will meticulously prepare and Forward all documents to department .After Approval You will Get All Documents and Certificates via MAil/Whatsapp and Client Portal

Our Clients are Happy & Wealthy

Atul Sachan Business man

Got to know him thru a friend of mine for fixing Defective ITR on a short notice. Pradeep is good and thorough as far as financial expertise is concerned. Within an hour, my defective ITR was revised. However the fees for ITR filing appears a bit expensive. It can be lowered. Overall a decent business experience with Pradeep

Rahul Vishwakarma CEO

Company Mitra made setting up my business a breeze! From start to finish, they were incredibly responsive, knowledgeable, and helpful. I was particularly impressed with their expertise in navigating the complex world of Indian business regulations. They handled everything with professionalism and efficiency, ensuring that my business was up and running in no time. I highly recommend Company Mitra to anyone looking for a reliable and experienced business setup service

CA Arpit Gupta Chartered Accountant

A very versatile, knowledgeable and tech lover CA, has a good infra for providing one stop solution for all taxation and startup matters

Anmol Sahu entrepreneur

Very satisfied with the services. No doubt the best CA Services provided in South Kanpur. The staff is so easy to work with and always meet with a warm welcome. Nominal fee charges. Getting appointment fixed is sometime determined. But you can see that there is a lot of passion in the company.

we’re here to all your questions

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How can I be sure my information is safe with you?
We adhere to relevant data privacy regulations to ensure your information is handled responsibly.
 
What is your reputation like?
We are Registerd under Company Act , Starup India as Well as ISO certified
 
What happens if I cancel my order?
Full refund within 24 hours if you cancel before signing the agreement. No questions asked. (48 words)
 
Are there any hidden fees or charges?
Prices shown are pre-tax/fees. Company Mitra details any added costs before starting work. You approve costs first, or get a full refund if you don’t agree
 

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