LLP Settlement Scheme 2020 shall allow a one-time condonation of delay in filing statutorily required documents with the Registrar.
The LLP Settlement Scheme will be effective from Mar 16th 2020 to Jun 13th 2020
- Applicable for all defaulting LLPs
- Default up to 31st Oct 2019
- Additional Fees of Rs. 10 per day with a maximum of Rs. 5,000/-
- Scheme is valid up to June 13, 2020
- Applicable for e-Forms #3, #4, #8, #11
- No prosecution for such LLPs after filing
From EZTax.in perspective, it is a great relief to many who started LLP with good intentions but off track due to unforeseen circumstances.
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