Demand cut from ₹10,050 to ₹1,310
TaxSavvy for llp annual filing
LLP Form 8 and 11 due? Dodge multiplying fees.
We file Form 11 by 30 May and Form 8 by 30 October.
If you wait: Additional fee climbs to 15x or 30x the normal fee, then per day (LLP Rules 2009, as amended 2022)
What you send
Any one of these gets us started. Photos are fine.
- Last year's accounts
- GST returns
Send them on WhatsApp or upload after you start. Documents are encrypted and seen only by your CA.
How we get it done
Four steps, the same for every job. You see each one ticked.
Information
LLPIN and MCA login. Partner list as on 31 March
Discussion
Was turnover over ₹5 crore, or contribution over ₹50 lakh?. Any partner joined or left during the year, and was Form 4 filed?
Forms
Reconcile partner list and contribution with last Form 3, Form 4 and Form 11. File any pending Form 4 or Form 3
Deliverables
SRN, challan and filed Form 11. Reminder for Form 8
See what you get, free
Real formats, made with dummy data.
Sample Sample ₹30,700 leaking every month
Sample Books from your bank statement
13 bank lines, books balanced
Questions, answered the CA way
Facts, Provisions and law, Analysis, Conclusion.
ROC Annual Filing: AOC-4 (Financials) and MGT-7 (Annual Return)
- Facts
- Every private limited company must file two annual returns with the Registrar of Companies (ROC/MCA21). AOC-4: audited financial statements (balance sheet, P&L, board report). MGT-7: annual return (shareholding, directors, share capital changes). Missing these: ₹200/day penalty per form until filed. After 3 consecutive years of non-filing: directors can be disqualified.
- Provisions and law
- Sec 137; Sec 92; Sec 96; Sec 164(2); Sec 454
- Analysis
- AOC-4, Financial Statements package: Must include: Balance Sheet (as of March 31). Statement of Profit and Loss. Cash Flow Statement (if not small company). Statement of Changes in Equity. Notes to Accounts. Board Report (must include: extract of annual return, composition of committees, material changes, CSR report if applicable, directors' remuneration). Auditor's Report (statutory audit). All digitally signed by director and filed on MCA21. MGT-7, Annual Return contents: Company details (registered office, type, CIN). Share capital and debentures. Shareholding pattern (each shareholder with PAN, % holding). Transfer of shares during year. Directors and Key Managerial Personnel (DIN, designation, joining/cessation). Meetings held. Related party contracts. Declaration of compliance. Signed by director and CA/CS.
- Conclusion
- Statutory audit complete? Auditor issues signed audit report before AGM can be held
- Hold AGM by September 30 (for March 31 FY companies): shareholder meeting with required agenda
- Board Report prepared: includes all mandatory disclosures under Companies Act 2013
- File AOC-4 on MCA21 within 30 days of AGM (by October 30 typically)
Pvt Ltd vs LLP vs OPC: which to choose and why
- Facts
- Pvt Ltd: Best for VC-fundable startups. Can issue equity (CCPS, CCD, options). Corporate tax 22% (Sec 200, Income-tax Act 2025, old Sec 115BAA) or 15% for new manufacturing (Sec 201, old Sec 115BAB). Compliance-heavy: ROC filings, board meetings, statutory audit mandatory.
- Provisions and law
- Companies Act 2013 | LLP Act 2008 | IT Act 1961, Sec 115BAB (now 201)
- Analysis
- LLP: Best for service businesses, CA firms, consulting. No dividend distribution tax. Partners pay tax at slab rate on their profit share. Cannot issue shares, VCs cannot invest. No statutory audit below ₹40L turnover / ₹25L capital. OPC (One Person Company): Solo founder, no intention to raise VC. Same compliance as Pvt Ltd but only one shareholder. Converts to Pvt Ltd when turnover exceeds ₹2Cr or paid-up capital exceeds ₹50L.
- Conclusion
- You plan to raise external equity (angels, VCs, ESOP pool)
- You want Sec 140 (old Sec 80-IAC) tax holiday (Pvt Ltd and LLP both qualify)
- You have multiple co-founders with different equity stakes
- You are building to sell, M&A exit requires Pvt Ltd structure
AIS Reconciliation Before Filing
- Facts
- AIS (Annual Information Statement) is what the government already knows about your income. Any mismatch between AIS and your ITR triggers a Sec 270(1), Income-tax Act 2025 (old Sec 143(1)) notice automatically.
- Provisions and law
- Sec 510 (old 285BB); Rule 114-I; Sec 270(1) (old 143(1)); Sec 439 (old 270A)
- Analysis
- What AIS shows (50+ types): Salary TDS (employer reported), FD/savings interest (bank reported), MF redemptions (CAMS/registrar reported), property transactions (registrar reported), dividend income (company reported), share transactions (SEBI/exchanges reported), foreign remittances (bank reported). How to access AIS: incometax.gov.in → Services → Annual Information Statement (AIS) → Download AIS. Also available as PDF and JSON. Two views: Taxpayer Information Summary (TIS), consolidated; AIS, detailed per transaction. AIS feedback mechanism: If a transaction in AIS is incorrect (e.g. bank reported wrong amount, MF company reported your brother's transaction), submit feedback: "Incorrect information" or "Income not pertaining to me". Feedback reduces AIS figure for that item. TIS vs AIS: TIS shows consolidated income by category (salary, interest, dividends). Use TIS to fill ITR.
- Conclusion
- Download AIS from IT portal (available from May for previous FY)
- Download TIS, compare each category with your own records
- Category 1, Salary: Matches Form 130 (old Form 16)? If multiple employers, sum of all Form 16s must match AIS salary figure
- Category 2, Interest: Bank FD interest + savings interest. Cross-check bank certificates
AIF Form 78 (old Form 64C): what investors receive and how to file it
- Facts
- For Category I and II AIFs with pass-through status, the fund files Form 76 (old Form 64A) with the IT department and issues Form 78 (old Form 64C) to each investor by January 31 of the following year.
- Provisions and law
- IT Act, Sec 115UB | Form 78 (old Form 64C) | IT Rules Rule 145 (old Rule 12CB)
- Analysis
- Form 78 (old Form 64C) shows: income accrued to investor's account during the year, broken down by nature (capital gains, short/long term, interest, dividend). You must report this income in your ITR in the same character, LTCG in Schedule LTCG, interest in "Income from other sources," etc. Critical: You pay tax on accrued income even if the AIF hasn't distributed cash to you. This can create a cash flow mismatch, tax due but no funds received from the AIF yet. Plan your advance tax accordingly.
LLP Form 8 and 11 due? Dodge multiplying fees.
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