Each LLP (Limited Liability Partnership) is under an obligation to file an Annual Return of LLP in Form No 11 and its financial statement in Form 8. The LLP being a separate taxable unit also needs to submit Income Tax Return prior to its due date. These reports are compulsory and attract a stringent penalty if not complied. Valcus make it easy and convenient for you to file annual returns. A Limited Liability Partnership is an entity of law and has to submit an Annual Return in Form 11 to the ROC within 60 Days of close of the Financial Year. The annual return has information about the partners, their contribution to the capital, a summary of changes in the partners of the LLP, its address etc. An LLP is also required to file a statement of solvency and a summary of its statement of accounts within seven months of closure of the financial year. The statement of account is filed in Form 8. The filing fee for annual return and the statement of solvency is Rs. 50 each. The digital signature of at least two designated partners is required. The LLP is required to get its books audited by a practicing Chartered Accountant if the turnover of the LLP is higher than Rs. 40 Lac or the investment in capital is more than 25 Lac.