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LLP conversion How to file Accounts

LLP conversion How to file Accounts

LLP conversion How to file Accounts

LLP conversion:How to file Accounts?

1) Company converted into LLP on 1/3/15 or 1/7/2015(without holding AGM). What are filling requirements to ROC & Income tax for f.y. 2014-15 & f.y. 2015-16.

Ans: A) For F.Y.2014-15:
i) ROC: As no AGM of company , no annual filling of company is required to ROC .Kindly note that an statement of assets & liability has already been submitted to RoC at the time of conversion.

ii) IT: Submit IT return of company for f.y. 2014-15.

B)F.Y. 2015-16
i) ROC: File Forms of Annual compliance of LLP from 1.7.2015 to 31.3.2016.
ii) IT: file return of company from 1.4.15 to 30.6.15. File return of LLP from 1.7.15 to 31.3.2016. Surrender PAN of Company.


1) CARO: Caro is not applicable to small co, even if sum of paid up and reserve is more 50 lacs.

2) ST: Services provided by a Common Effluent Treatment Plant Operator for treatment of effluent is exempt from Service Tax. Vide Notification No. 6/2015-ST.

3) ST: Relief under Service Tax cannot be granted if assesse does not comply with provisions of VCES, 2013. Bombay High Court: Sunil Agnihotri Productions vs. UOI.

4) SC: Supreme Court struck down National Judicial Appointments Commission Act that was brought in to replace the collegium system for appointing judges in the higher judiciary.

5) RBI: RBI has made the changes in the Valuation Guidelines of Jewellery where Advance against Pledge of Gold ornaments / jewellery is extended by the cooperative banks.

6) IDT: Penalties u/s 114 of Customs Act could be invoked for Export made u/s 113.  COC v/s Kamalabhai, Madras High Court.


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