The Classic Partners LLP
Audit Under the LLP Act
Statutory audit of Limited Liability Partnerships under the LLP Act, 2008. We help LLPs meet audit thresholds, file accounts correctly, and stay compliant with the MCA.
Talk to an LLP Audit ExpertWhat is an LLP Audit?
An LLP audit is the independent examination of a Limited Liability Partnership's books of account by a Chartered Accountant, as required under the LLP Act, 2008 and the LLP Rules.
An LLP must get its accounts audited if its annual turnover exceeds Rs. 40 lakh or its partners' contribution exceeds Rs. 25 lakh. We verify the financials, prepare the Statement of Account & Solvency, and support the related MCA filings.
Who Needs LLP Audit?
- LLPs with turnover above Rs. 40 lakh in a financial year.
- LLPs whose total partner contribution exceeds Rs. 25 lakh.
- LLPs that voluntarily opt for audit for lenders or investors.
- LLPs requiring tax audit under the Income Tax Act.
Our LLP Audit Services
Statutory LLP Audit
Examination of accounts and issue of the audit report under the LLP Act.
Form 8 & Form 11 Support
Preparation and filing of the Statement of Account & Solvency and Annual Return.
Income Tax Audit
Tax audit and return filing where applicable to the LLP.
Book-Keeping & Accounting
Maintenance of compliant books and financial statements.
Compliance Review
Health check of past filings and resolution of pending compliances.
Advisory
Guidance on partner contribution, profit sharing, and governance.
Why Choose The Classic Partners
- Qualified Chartered Accountants with hands-on audit and assurance experience.
- End-to-end support — from documentation and verification to final reporting.
- Timely delivery so you meet statutory and lender deadlines without stress.
- Transparent fees and a single dedicated point of contact.
Frequently Asked Questions
When is an LLP audit mandatory?
An LLP audit is mandatory if the annual turnover exceeds Rs. 40 lakh or the total contribution of partners exceeds Rs. 25 lakh in a financial year.
Which forms does an LLP file annually?
Every LLP files Form 8 (Statement of Account & Solvency) and Form 11 (Annual Return) with the MCA each year, regardless of turnover.
What happens if an LLP misses its audit or filing?
Late or non-filing attracts daily penalties under the LLP Act and can make the LLP and its designated partners non-compliant, so timely audit and filing are important.
Does a small LLP with no turnover need an audit?
An LLP below both the turnover and contribution thresholds is not required to be audited, but it must still file its annual returns with the MCA.
Can The Classic Partners handle both LLP audit and tax filing?
Yes. We handle the LLP Act audit, the MCA filings, and the income-tax audit and return together for a smooth, single-window compliance.
Need help with your LLP Audit?
Get a compliant LLP audit and MCA filing handled by experienced Chartered Accountants.
Contact Us