File Your Income Tax Return Before 31st July 2024.
The Central Government has decided to introduce a scheme namely “LLP Settlement Scheme, 2020”, by allowing a One-time condonation of delay in filing statutorily required documents with the Registrar.
LLPs, that wish to avail themselves of the scheme, may file the pending documents/Forms and make good the defaults, to gain immunity from prosecutions for such defaults.
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Applicable on Defaulting LLP |
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| What is Defaulting | It means LLP Registered Under LLP Act, 2008 and made default in filing of certain documentsdue for filing till 31 October 2019. |
| What are the certain docs or forms or returns to whom this scheme applies | Form – 3 (Information with regard to limited liability partnership agreement and changes, if any, made therein.
Form-4- Notice of appointment, cessation, change in name/ address/ designation of a designated partner or partner and consent to become a partner/ designated partner. Form-8- Statement of Account & Solvency (Annual or Interim). Form-11- Annual Return of Limited Liability Partnership (LLP). |
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Immunities under the scheme |
Maximum fee per Document/ Return/From = Normal Fee + Additional Fee of Rs. 10/- per day (Subject to maximum Additional Fee of Rs. 5000/-)
Further, No Prosecution by Registrar if default made good till 13th June 2020. |
| Non-Applicability | LLPs those who have made application to Registrar for Strike of LLP in Form – 24
LLPs made default in filing of certain documentsdue for filing after 31 October 2020 |
