Limited Liability Partnership's(LLP) One Time Settlement Scheme - 2020

In pursuance of a large number of representations received from various quarters for waiver of fees for condonation of delay and relaxation of excessive financial burden, the Central Government of India decided to give an onetime full waiver of additional fees to the defaulting Limited Liability Partnership's.

For this purpose, the Ministry of Corporate Affairs has introduce LLP Settlement Scheme 2020 for Limited Liability Partnership's.

LLPSS scheme give longer timelines for Limited Liability Partnership's to comply with various filing requirements and significantly reduces the financial burden on them, thereby giving them an opportunity to make a ONE TIME SETTLEMENT & giving immunity from penal provisions.

Useful : File under this scheme at Incometaxca.com