Limited Liability Partnership ITR Checklist

Limited Liability Partnership ITR Checklist

Basic LLP Information

• PAN of the LLP• LLP Incorporation Certificate• LLP Agreement (latest copy)• Supplementary LLP Agreements executed during the year, if any• Registered office address proof• Email ID and mobile number of LLP• Previous year's ITR acknowledgment and computation

Designated Partners & Partner Details

• Name of all Partners and Designated Partners• PAN of all Partners and Designated Partners• Aadhaar of Designated Partners• Residential address of Partners and Designated Partners• Profit-sharing ratio• Capital contribution details• Details of admission, retirement, cessation, or change in partners during the year

Books of Accounts

• Balance Sheet• Statement of Profit & Loss• Trial Balance• General Ledger• Cash Book• Bank Book• Journal Register

Bank Accounts

• Bank statements for all accounts for the financial year• Details of cash deposits during the year• Closing balance confirmations• Details of new bank accounts opened during the year• Details of bank accounts closed during the year

Capital Contribution & Partner Accounts

• Opening capital balances• Additional capital/contribution introduced during the year• Drawings or withdrawals by partners• Closing capital balances• Capital account reconciliation

Business Income Details

• Sales register• Purchase register• Expense ledgers• Stock records• Work-in-progress details, if applicable• Revenue reconciliation

Fixed Assets

• Fixed Asset Register• Details of additions during the year• Details of assets sold/disposed during the year• Depreciation workings• Asset purchase invoices

Loans & Borrowings

• Loan statements from Banks/NBFCs• Interest certificates• Partner loan confirmations• Unsecured loan confirmations• Loan repayment schedules

GST Details

• GST Registration Certificate• GSTR-1 filed during the year• GSTR-3B filed during the year• Annual GST Return, if applicable• GST reconciliation statement

TDS / TCS Details

• Form 26AS• AIS (Annual Information Statement)• TIS (Taxpayer Information Summary)• TDS certificates received• TDS return acknowledgements, if applicable• TCS details, if applicable

Investments & Other Income

  • Interest income details• Dividend income details• Rental income details• Capital gains statements• Other miscellaneous income details

Partner Remuneration & Interest

• LLP Agreement clause authorizing remuneration to partners• LLP Agreement clause authorizing interest on capital• Working partner details• Remuneration computation• Interest on capital computation

Audit Documents (If Applicable)

• Tax Audit Report• Statement of Particulars (Form 3CD)• Audited Financial Statements• Auditor's Report• Details of related party transactions• Details of disallowable expenses

LLP Compliance Documents

• Form 8 – Statement of Account & Solvency• Form 11 – Annual Return• MCA filing acknowledgements and challans• Details of penalties or notices received under the LLP Act

Compliance & Litigation

•Income-tax notices received during the year• Assessment orders received during the year• Demand notices, if any• Appeal orders, if any• Details of pending litigation matters

Final Verification Before Filing

• Financial statements finalized• GST reconciliation completed• AIS and Form 26AS reconciled• Partner remuneration verified• Interest on capital verified• Tax liability confirmed• ITR reviewed and approved• Return verified by Designated Partner