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LLP Annual Returns

Every LLP must file annual returns using Form 11 and Form 8. Ensure ROC compliance for your LLP today. starting at just INR 1999/- only.

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What are LLP Annual Return Filing ?

All you need to know

LLP annual return filing is a mandatory process that ensures a Limited Liability Partnership complies with legal requirements. It includes submitting LLP annual compliances, such as financial statements and returns, to the Registrar of Companies (ROC) every year. The key annual filing forms for LLP are Form 8 for Statement of Accounts and Solvency and Form 11 for Annual Return. These forms help maintain transparency and legal standing. Even if an LLP has no business transactions, LLP annual filing must still be completed on time to avoid penalties. Proper filing ensures that the LLP remains compliant and avoids legal issues.

Consequences/Penalties of LLP Non Compliance

In case an LLP fails to file annual compliances, there are several consequences of it. Below are some points which LLP needs to know;

  • Heavy penalties: LLPs that miss the due date for filing Form 11 or Form 8 are liable to pay ₹100 per day per form, with no maximum limit. This can result in substantial penalties if delayed over months or years.
  • Legal actions against LLP and partners: The government may initiate legal proceedings for continued default, which can lead to court cases and reputational damage.
  • Disqualification of partners: Designated partners may be disqualified from holding similar positions in other companies or LLPs due to persistent non-compliance.
  • LLP may be struck off: The registrar of companies may strike off the LLP from its register, effectively dissolving the business entity.
  • Difficulties in Business operations and loan approvals: Non-compliance can negatively impact creditworthiness, making it hard to secure funding, loans, or continue smooth business operations.

 

LLP annual return filing, form 11, form 8, LLP compliances

Why Ebizfiling?

EbizFiling.com is a leading business platform providing comprehensive corporate legal services, including company incorporation, compliance, advisory, and management consultancy, both in India and internationally. The platform offers fast, easy, and affordable LLP Registration onlineITR filing, Strike off LLP, and trademark registration, Import Export Code Registration, You can contact with compliance manager at 09643203209 or email info@ebizfiling.com.

LLP Annual Filing Fees

Choose Your Package

ESSENTIAL

1999/-

(All Inclusive)

  • Form 11 Filing

ENHANCED

2599/-

(All Inclusive)

  • Form 8 Filing

ULTIMATE

3999/-

(All Inclusive)

  • Form 11 Filing
  • Form 8 Filing

Required Annual Return Filing Forms for LLP

Form 11 for Annual return filing

It is mandatory for LLP to file an annual return with MCA for each financial year. It’s required for LLP to file their form 11 to MCA within 60 days after the conclusion of financial year. That means, On 30th May of each year, LLP has to file their annual returns. Form 11 must be digitally signed by a designated partner and a Certified practicing Professional such as CA/CS/CMA. There is ₹100 penalties per day by default for late filing of such form. In form 11, LLP needs to cover below details;

  • Total numbers of partners
  • Partner contribution
  • Any changes in partners or LLP agreement (If any)
  • Details of secured loans (If any)

Form 8 for filing of statements of account

Each LLP must file form 8 for submitting their accounts and solvency. It has to be submitted on 30th October every year to the MCA. There is ₹100 penalties per day by default for late filing of such form. In form 8, LLP has to mention following details;

  • Total revenue and expenditure
  • Profit or loss details
  • Assets and liabilities
  • Partner contributions
  • Solvency declaration

Form ITR 5 for Income Tax Return

ITR-5 is the income tax return form used by LLPs to report their income and pay taxes. It must be filed online with a digital signature.

Benefits of LLP Annual Filing

  • Avoids penalties and legal consequences
  • Maintains LLP’s Legal status
  • Enhances financial credibility
  • Ensures transparency and compliance
  • Facilitates smooth business operations
  • Simplifies tax filings and audits
  • increases partner confidence

Quick Calendar for LLP Annual Filing Compliances

Need to remember the important dates for LLP annual filing compliances

Form Type Described Due date To be filed with
Form-8 Filing of Statement of Accounts 30th October Registrar of Companies
Form-11 Filing of Annual Returns 30th May Registrar of Companies
ITR -5 Income tax return 31st July (or 30th September, if tax audit is mandatory) Income tax department
Audit Tax Audit (If applicable) 30th September Income tax department

Major LLP Annual Filing Compliances

Points to make your decision easy

MCA Form 8

LLPs are required to file Form 8 before 30th October each year. Form 8 contains details of the Statement of Accounts and solvency. This form needs to be filed by the LLP on annual basis.

MCA Form 11

LLPs are required to file Form 11 before 30th May each year. Form 11 contains details of all the Designated Partners like whether there are any changes in the management of the LLP.

Income Tax Return

Every LLP has to file Income Tax Returns every year, irrespective of its transactions. It must be filed by LLP on or before 31st July (if not covered under audit) or 30th September (if covered under audit).

Accounting

Accounting is essential in order to comply with other compliance such as statutory audit, Annual filing and Income tax return filing. We at Ebizfiling will take care of the same. We will prepare the balance sheet and profit and loss account for the year and then we will take care of the other compliance as well.

Audit under IT Act

Every Limited Liability Partnership whose turnover exceeds INR 2 Cr. In case of a business or INR 50 Lakh in case of a profession, is required to get its books of accounts tax audited under section 44AB of the Income-tax Act. Such audit will have to be completed and filed by 30th September.

AMT Audit

If AMT provisions applies to LLP, it is mandatory for the LLPs to obtain a report in Form 29C (to be issued by a Practising CA) which certifies that AMT and adjustable total income has been computed in accordance with the provisions of IT Act. We will obtain such a report under AMT for your LLPs.

Required Documents for LLP Annual Filing 

LLP must file Form 11 with required details and documents

  • Name of the LLP
  • PAN of registered LLP
  • LLP identification number
  • Registered office address of the LLP and proof of it.
  • Business classification of the LLP
  • Details of partners of the LLP
  • Digital Signature Certificate of Designated Partners.

LLP Annual Return Filing Process Flow

 

5 Easy Steps

1

Fill a Checklist

2

Submit Documents

3

Filing of Form 8&11

4

Filing of your ITR

5

You get Acknowledgement

Step By Step LLP Annual Filing Process 

Step 1: Prepare Financial Statements

Before filing, LLP must prepare and finalize its financial records. Every LLP must prepare below mentioned documents before start filing annual returns:

  • Profit and Loss account
  • Balance sheet
  • Bank Statements
  • Details of partner contributions
  • Audit reports (If applicable)

Step 2: File MCA compliances forms

Each LLP needs to file form 11 and form 8 to ROC within time limit.

  • For Form 11, LLP has to file it on 30th May along with such a details like total number of partners, partner contribution, or details of secured loans (If any).
  • For form 8, on 30 October of each financial year, LLP has to file form 8 to declare the LLP’s financial position and solvency. LLP must include, Total revenue and expenditure, profit and loss, assets and liabilities, partner contribution.

For the delay or failure to file these forms, LLP has to pay penalties of ₹100 per day by default.

Step 3: File Income Tax Return

After filing the forms to MCA, LLP needs to submit ITR – 5 form for Income Tax Return Filing. For that, LLP must fill the details such as business income, deductions and taxable amount. The due date for filing ITR is 31st July. In case of Tax Audit requirement, LLP has to file their ITR on 30th September.

Step 4: Additional compliances

There are several additional compliances that need to be filed in certain cases;

  • If LLP is registered under GST then it must filing GST returns annually.
  • If LLP deducts TDS, then they have to file TDS returns quarterly.
  • If turn over exceeds ₹1 crores then, LLP must submit Tax Audit Report by 30th September.

Step 5: Keep Filing proof and acknowledge compliance

Once the filing process gets completed, download the acknowledgement receipts from both MCA and Income Tax Department. These may be required for future references, audits, or compliance checks.

Ebizfiling, FAQ's on Appointment of Auditor

FAQs On LLP Annual Filing

Get answers to all your queries

  • What is LLP annual filing, and why is is important?

    LLP annual filing means submitting important forms and tax returns to the government every year. It helps keep the LLP active, avoids penalties, and ensures the business follows legal rules.

  • What forms are required for LLP Annual Filing?

    For LLP Annual Filing, the two main forms are Form 11 (Annual Return) and Form 8 (Statement of Account & Solvency). Form 11 provides details of the LLP’s partners and its activities, while Form 8 contains financial statements and solvency declarations.

  • What happens if an LLP does not file annual return on time?

    Late filing leads to a penalty of ₹100 per day for MCA forms and up to ₹10,000 for delayed income tax returns. If ignored for a long time, the LLP may be shut down by the government.

  • What is the deadline for LLP Annual Filing?

    The deadline for filing Form 11 (Annual Return) is 30th May of every year, and the deadline for filing Form 8 (Statement of Account & Solvency) is 30th October. Both filings are mandatory for maintaining legal compliance and avoiding penalties.

  • Do all LLPs need to get their accounts audited?

    No, audit is required only if the LLP’s turnover is more than ₹40 lakh or capital contribution is more than ₹25 lakh. Otherwise, normal filing is enough.

  • Can I file LLP annual returns myself, or do I need a professional?

    You can file it yourself if you understand the process and have a Digital Signature Certificate (DSC). However, if your LLP has a high turnover or complex finances, a CA or CS can help ensure proper filing.

  • Can an LLP file Annual Returns if it has not conducted any business?

    Yes, even if an LLP has not conducted any business during the year, it is still required to file its Annual Return (Form 11) and Statement of Account & Solvency (Form 8). The LLP must file a nil return if no business activity has occurred.

  • Can the Annual Filing for an LLP be done online?

    Yes, LLP Annual Filing can be done online through the MCA portal by filling out the required forms. The online system is user-friendly, and LLPs can submit the forms directly along with the necessary documents such as financial statements.

  • What are the consequences of not filing LLP Annual Returns for multiple years?

    If an LLP fails to file its annual returns for multiple years, it risks being struck off by the MCA, meaning it will no longer be legally recognized as an active entity. Additionally, the designated partners may face disqualification, making them ineligible to form or manage other LLPs in the future.

Reviews

  • Abhijit Chirde

    Abhijit Chirde

    04 Mar 2024

    Ebizfilling team explained every details and supported in compliance fillings. Mr. Rakesh B has been very helpful in getting things done swiftly and efficiently.

  • Abhishek Pandey

    Abhishek Pandey

    04 Mar 2024

    It was great experience with ebiz to get my filing done I especially want to thanks Mr.Parth Nai who was there to assist and solve all our queries.He make entire process very smooth.Kudos to entire Ebiz team.

  • A Nadeem

    A Nadeem

    04 Mar 2024

    Ebizfiling has consistently provided me with top-notch compliance services. They have simplified a complex and often daunting aspect of running a business, allowing me to maintain my peace of mind and focus on business growth.

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