1. What is LLP Annual Filing?

Limited liability partnership is a partnership with limited liability. Every LLP which are registered with the Ministry of Corporate Affairs have to file the Annual Returns and Statement of Accounts every year.

2. What are the mandatory compliances of LLP?

There are mainly 3 compliances which are mandatory for every LLP to comply for any financial year.

a) Annual Return

b) Financial Statements of the LLP

c) Income Tax Returns Filings.

Frequently asked questions on LLP Annual Filing

3. I have not undertaken any business during the year, Do I still need to file LLP returns?

Yes, every LLP has to mandatorily file Annual Returns and financial statements with the Ministry even if they are not doing any business. It is a compulsory requirement of law that even NIL returns should be filed.

4. What is the Audit Requirement for LLP?

Audit under LLP Act: Only those LLP whose annual turnover exceeds Rs. 40 lakhs or whose contribution exceeds Rs. 25 lakhs are required to get their accounts audited.

5. What is the due date for filing of Statement of Accounts and Annual Return for LLP?

  • Filing of Annual Return (Form 11): Annual Return or Form 11 is a Summary of all the Designated Partners like whether there are any changes in the management of the LLP or not. Every LLP is required to file Annual Return in Form 11 to the Registrar within 60 days from the closure of financial year i.e. Annual Returns have to be filed on or before 30th May every year.
  • Filing of Statement of Accounts (Form-8): Every LLP is required to prepare and close its accounts until the 31st March every year. From 8 is to be filed by at least two Designated Partners with the Registrar within 30 days after completion of six months of Financial Year. Accordingly, 30th October is the last date for filing annual accounts every year.

6. What are the Income Tax Compliance of LLP?

  • Income Tax Return: Every LLP has to file Income Tax Returns every year. The last date of filing of return for LLP is31st July every year. However, any LLP under tax audit is required to file its Income tax return by 30th September.
  • Audit under Income tax Act:  Every LLP whose turnover exceeds INR 1 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.

7. What is the consequence if I don’t file my LLP returns in time or delay the filing?

​ If the filing is not done within stipulated time, there is a penalty of Rs. 100 per day till it complies. You cannot even close or wind up your LLP without filing Annual Accounts. Also, your LLP turns into unlimited statutory liability until you file all due returns.

Annual Compliance Calendar of LLP for your quick reference:

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 30thSeptember, if tax audit is mandatory) Income tax department
Audit Tax Audit (only if applicable) 30th September Income tax department

(The author can be reached at support@ebizfiling.com)

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Qualification: Graduate
Company: ebizfiling India Private Limited
Location: Ahmedabad, Gujarat, IN
Member Since: 04 Oct 2017 | Total Posts: 19
Ishita is a young woman entrepreneur and currently the Operations Director at ebizfiling India Private Limited. In her entire career so far, she has led a team of 50+ professionals like CA, CS, MBAs and retired bankers. Apart from her individual experience on almost every facet of Indian Statutory View Full Profile

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10 responses to “Frequently asked questions on LLP Annual Filing”

  1. Advocate V.K. Sharma says:

    Information required about Income tax update.

  2. Advocate V.K. Sharma says:

    Post information about LLP

  3. samkit says:

    Hi Ishita,

    In the article you have mentioned that in case of LLP carrying on business, tax audit is applicable if its turnover exceed INR 2 Crores. However, for an LLP carrying on business tax audit is applicable if its Turnover exceeds INR 1 crore (& not 2 Crores).

  4. Samkit says:

    Hi Ishitha,

    You have mentioned that every LLP whose turnover exceeds INR 2 Cr. in case of a business should get their books of account tax audited. However, if the LLP is carrying out business, then the limit is not INR 2 Cr., the limit is actually INR 1Cr.

  5. Shubham Chhabra says:

    Mam, you have mentioned 30 Oct as last date of filing of annual return, I think it should be 30 September i.e 6 months from 31st march

  6. M.D.PANCHAL says:

    for registering address it is compulasary that the address must be of the of commercial areas or resiental? sir ,please answer. thanks

  7. CA Jayendra Gajera says:

    Madam,
    In filing of ROC compliance chartered accountants can file all compliance’s or company secretary is required ??

  8. Hi Vaibhav,

    You are required to do only Income tax compliance, Form 8 & Form 11 can be filed with Financial year 27 Feb 2018 to 31st march 2019. Connect with Legal Suvidha team at support@legalsuvidha.com or visit our website to get all clarifications. You are required to file only the Income tax return on or before 31st July, 2018 for your LLP

  9. vaibhav says:

    Mam, please assist me by telling as to whether LLP incorporated on 27 Feb 2018 is required to file form 8 and 11 or not.
    You can mail me on vaibhavmago1993@gmail.com or can respond on this forum only.
    Please do it at the earliest.

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