MCA further relaxes additional fees for filing Annual Return by LLPs upto 15.07.2022
MCA has issued General Circular No. 07/2022 dated 29.06.2022 further extending the timeline for filing Annual Return by LLPs for Financial Year 2021-22 without paying additional fee up to 15th July 2022.
Earlier, MCA vide General Circular No. 04/2022 dated 27.05.2022, in view of transition from version-2 of MCA-21 to version-3 and to promote compliance on part of LLPs, had allowed LLPs to file e-Form 11 (Annual Return of Limited Liability Partnership) for the Financial Year 2021-22 without paying additional fee up to 30th June 2022.
- Prior period income cannot be considered as income of the current year
- SC condoned delay of 972 days in filing appeal due to restructuring in Department
- No addition on mere valuation report when stamp duty valuation is available
- ITAT deleted penalty for making a wrong claim of deduction u/s 54F/54B
- Value of taxable supply and rates notified Pan Masala / tobacco products



