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LLP Annual Filing Process for the year 2016-17 Every LLP which is already registered with the Ministry of Corporate Affairs have to file the Annual Returns and Statement of Accounts for the Financial Year 2016-17. There are 3 Main Compliance which is mandatory things for the LLP's of the Year 2016-17 a) Annual Return b) Statement of the Accounts or you can say Financial Statements of the LLP c) Income Tax Returns Filings.
Why We have to do the Annual Filing ? Every LLP have to maintain the compliance even if they are doing the business or not. The reason is, you know that you are not doing the business but government of India do'nt know that. Through the annual statements or filings you are giving information to the government about your organisation.