Annual Compliances for LLP
Annual Compliances for LLP– Classic Partners LLP
Classic Partner – LLP Compliance & Advisory Services
What is Annual Compliances for LLP?
A Limited Liability Partnership (LLP) is a hybrid structure offering the benefits of both partnership and company. Though it enjoys fewer compliances compared to a private limited company, every LLP registered under the LLP Act, 2008 must file certain annual returns and statements with the Registrar of Companies (ROC) regardless of turnover or activity.
Non-compliance can attract heavy penalties, which are levied on a per-day basis until filing is completed.
Mandatory Annual Compliances for LLP
Filing of Annual Return (Form 11)
Due Date: 30th May every year
Contains details of partners, their contribution, and changes during the year
Statement of Account & Solvency (Form 8)
Due Date: 30th October every year
Discloses financial statements of the LLP, including assets, liabilities, and solvency declaration
Income Tax Return (ITR 5)
Due Date:
31st July (if tax audit not applicable)
30th September (if tax audit applicable)
Mandatory even if there is no income or business
Other Compliances (where applicable)
Tax Audit (if turnover exceeds ₹40 lakhs)
GST Returns (if registered under GST)
TDS Returns (if liable to deduct TDS)
FEMA Compliances (if LLP has foreign investment)
Documents Required
LLP Agreement & amendments (if any)
Financial statements of LLP (Balance Sheet, P&L)
Contribution details of partners
PAN, TAN, and digital signatures of partners/designated partners
Bank statements, invoices, and supporting documents
Penalties for Non-Compliance
Delay in filing Form 11 or Form 8: ₹100 per day, per form (no upper limit)
Late filing of Income Tax Return: penalty up to ₹5,000/₹10,000 u/s 234F of IT Act
Risk of LLP being marked as defaulter on MCA records
Why Choose Classic Partner?
Preparation and filing of Form 11 & Form 8
Income tax return filing for LLPs
Tax audit and GST compliance support
Advisory on partner contribution & changes in LLP Agreement
Ensuring 100% ROC and MCA compliance to avoid penalties
Ensure your LLP stays compliant and penalty-free.
Classic Partner provides end-to-end annual compliance services for LLPs across India.
