Manage Your Compliances2019-11-26T15:56:45+05:30
1905, 2025

LLP Closure Procedure in India – A Step-by-Step Guide

By |May 19th, 2025|

LLP Closure Procedure in India – A Step-by-Step Guide A Limited Liability Partnership (LLP) is a flexible business structure that combines the benefits of a partnership with the advantages of limited liability. However, when an LLP becomes inactive, non-operational, or financially unviable, it's important to formally close it in compliance with legal requirements. Failure to do so may lead to hefty penalties, late fees, and continuous compliance obligations. This article explains the LLP closure procedure in India, including strike-off [...]

1705, 2025

Audit Requirements for LLP in India – A Complete Guide

By |May 17th, 2025|

Audit Requirements for LLP in India – A Complete Compliance Guide Limited Liability Partnerships (LLPs) offer the benefits of limited liability with minimal compliance compared to private limited companies. However, audit requirements for LLP still apply in specific cases, primarily based on turnover and capital contribution thresholds. This article outlines the mandatory audit provisions under the LLP Act, 2008, and the Income Tax Act, 1961, helping partners, accountants, and business owners stay compliant with Indian statutory norms. When is [...]

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