Books of accounts of llp are to be preserved for The books of accounts must also be preserved in the registered office of the llp for the specified period. 8 years after the end of the year to which they relate Audit of books of accounts of the llp is not mandatory if the turnover does not exceed rs 40 lacs in any fy or contribution does.
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- 1. (3) every llp shall prepare its financial statements within a period of four months
- 2. As per this sub section, the books of accounts of every company are required to be preserved and maintained for not less than 8 financial year and if the company is in existence for less than 8 years then in this case the company has to maintain all books of account in respect of the period since its incorporation.
- 3. The books of account which an llp is required to keep must be preserved for 8 years from the date on which they are made 4.
(3) every llp shall prepare its financial statements within a period of four months
Every llp has to file the income tax return every year. Rule 24 (1) every limited liability partnership shall keep books of accounts which are sufficient to show and explain the limited liability partnership’s transactions and are such as to—. From the above, it may be observed that. · every registered dealer must preserve all books of account, registers and other documents relating to stocks, purchases, dispatches and deliveries of goods, payment made and receipts towards sale or purchase of goods for at least 5 years from the expiry of the year to which they relate. As per these provisions, a limited liability partnership shall maintain such proper books of account:
As per this sub section, the books of accounts of every company are required to be preserved and maintained for not less than 8 financial year and if the company is in existence for less than 8 years then in this case the company has to maintain all books of account in respect of the period since its incorporation.
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The books of account which an llp is required to keep must be preserved for 8 years from the date on which they are made 4.
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Audit of accounts in accordance with the rules prescribed. Maintained at registered office and preserved for at least 8 years. (1) as may be prescribed relating to its affairs for each year of its existence—in this regard, r 24(1) prescribes that every llp shall keep accounting records which are sufficient to show and explain the limited liability partnership's transactions and are such as to— 8 years after the close of the year to which such books relate: 6 years counted from the first day of the financial year following the financial year to which they pertains:
1.all accounts maintained including all invoices, bills of supply, credit and debit notes, and delivery challans relating to stocks, deliveries, inward supply and outward supply shall be preserved for 72 months (6 years) from the due date of furnishing of annual return for the year pertaining to such accounts and records.
Since llp has a separate legal entity, so along with partners income tax return then one has to file llp’s income tax return as well within due date. The books of accounts of every llp relating to a period of not less than ten years immediately preceding the current year shall be preserved in good order.Registered documents of limited liability partnership which have been fully wound. 1.all accounts maintained including all invoices, bills of supply, credit and debit notes, and delivery challans relating to stocks, deliveries, inward supply and outward supply shall be preserved for 72 months (6 years) from the due date of furnishing of annual return for the year pertaining to such accounts and records. Rule 24 (8) of accounts of llp must be audited in case llp rules contribution/turnover exceeds 25 lakhs/40 lakhs. Audit of accounts in accordance with the rules prescribed. Rule 24(3) of the rules of llp stipulates that the accounts books which an llp is needed to keep shall be preserved for 8 (eight) years from the date on which they are made.
6 years counted from the first day of the financial year following the financial year to which they pertains: Every llp has to file the income tax return every year.
8 years after the close of the year to which such books relate: (1) as may be prescribed relating to its affairs for each year of its existence—in this regard, r 24(1) prescribes that every llp shall keep accounting records which are sufficient to show and explain the limited liability partnership's transactions and are such as to—