Llp- first return
This query is : Resolved
12 May 2015
Dear All,
If one LLP is incorporated in the month of February 2014, its first ROC return become due on 31.05.2015. It means profit and loss account and balance sheet is to be prepared for a period more than 12 months.
However in this case Income tax return to be filed for which period? If LLP has already filed return for the FY 2013-14 then whether it can file return for the FY 2014-15 or for the period February 2014 to March 2015?
Thanks
If one LLP is incorporated in the month of February 2014, its first ROC return become due on 31.05.2015. It means profit and loss account and balance sheet is to be prepared for a period more than 12 months.
However in this case Income tax return to be filed for which period? If LLP has already filed return for the FY 2013-14 then whether it can file return for the FY 2014-15 or for the period February 2014 to March 2015?
Thanks
Nikhil Kaushik
(Expert)
16 May 2015
income-tax returns are to be filed for 12 months period only. there is no exception in the act for filing return for a period longer than 12 months
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