Abstract: Limited Liability Partnerships (LLPs) in India are required to comply with periodic annual filing obligations under the LLP Act, 2008, to avoid penalties. Key filings include the annual return in Form 11, due by May 30th, and the statement of accounts and solvency in Form 8, due by September 30th. Late filing for both Form 11 and Form 8 attracts a penalty of Rs. 100 per day until submission. LLPs are also required to file their Income Tax Return. The due date for the ITR is July 31st for LLPs not requiring a tax audit and September 30th for those that do. Late filing of ITR incurs penalties ranging from Rs. 5,000 to Rs. 10,000 depending on the delay period, with an additional potential penalty based on total income for significant delays. An audit of an LLP’s financial statements is mandatory only if its turnover exceeds Rs. 40 lakhs or contribution exceeds Rs. 25 lakhs in the preceding financial year. A specific exception exists for LLPs incorporated on or after October 1, 2024, which can make their first financial filings after March 31, 2026, potentially covering a period of up to 18 months. Designated partners with an approved DIN must also file Form DIR-3 KYC by September 30th, facing a Rs. 5000 penalty for delay.
Introduction: Every Limited liability partnership (LLP) is required to periodically file its annual return and statements of accounts in order to avoid non-compliances or penalties under the Limited Liability Partnership Act, 2008. While Companies (either Private or Public) need to audit their company’s financials and file audited financial statements, requirement of audit amongst LLP arises either when the turnover of the LLP exceeds INR 40 crores in the previous financial year or whose contribution exceeds twenty-five lakh rupees in the previous financial year.
Here is a snapshot of the annual filing for an LLP :-
| S. No | Particulars | Due Date | Penalty for late filing |
| 1 | Filing of annual return (Form 11) | 30.05.2025 | Rs. 100 per day till the date of filing |
| 2 | Filing of Income tax return for LLPs not required to do tax audit | 31.07.2025 | A penalty of INR 5,000 for filing the ITR after the due date but before December 31 of the assessment year A penalty of INR 10,000 for filing the ITR after December 31 of the assessment year. Additionally, if the total income of the LLP exceeds INR 1 crore, a penalty of 0.5% of the total income may be levied for each month of delay. |
| 3 | Filing of statement of accounts and solvency (Form 8) | 30.09.2025 | Rs. 100 per day till the date of filing |
| 4 | Filing of income tax return for LLP required to do tax audit | 30.09.2025 | A penalty of INR 5,000 for filing the ITR after the due date but before December 31 of the assessment year A penalty of INR 10,000 for filing the ITR after December 31 of the assessment year. Additionally, if the total income of the LLP exceeds INR 1 crore, a penalty of 0.5% of the total income may be levied for each month of delay. |
| 5 | Every designated partner who has been allotted DIN on or before the end of the financial year, and whose DIN status is ‘Approved’, would be mandatorily required to file form DIR-3 KYC | 30.09.2025 | Rs. 5000/- |
However, there is an exception to the annual filing of LLP’s, any LLP which has been incorporated on or after the 01st October, 2024, then those LLP can complete their annual filings after 31st March 2026 (that is LLP can file its first financial return for a period of 18 months)
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Good article. simple and concise. Quick updates.