Expert Guidance on LLP Annual Compliance

For a Limited Liability Partnership (LLP), timely filing of annual returns and maintaining compliance is crucial. Though LLPs have a lighter compliance burden compared to private limited companies, the penalties for non-compliance are severe—up to ₹5 lakh.

At Taxation Point India, we provide expert guidance to help LLPs meet their compliance obligations efficiently. From maintaining books of accounts to filing ROC returns and income tax returns, our team ensures complete compliance while you focus on growing your business.

What is LLP Compliance?

LLP compliance refers to fulfilling the statutory obligations prescribed under the Limited Liability Partnership Act, 2008 and the Income Tax Act, 1961. These include filing returns with the Registrar of Companies (RoC), maintaining accounts, conducting audits (if applicable), and filing income tax returns.

Key Compliance Requirements for LLPs

• Maintenance of Proper Books of Accounts: Recording income, expenses, assets, and liabilities.
• Form 11 – Annual Return: Filing annual return with RoC by 30th May each year.
• Form 8 – Statement of Accounts & Solvency: Filing by 30th October each year.
• ITR-5 – Income Tax Return: Filing by 31st July (non-audit cases) or 30th September (audit cases).
• Tax Audit (if applicable): Mandatory if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh.
• Form 3CEB: Applicable for international or specified domestic transactions, due by 30th November.

LLP Annual Filing Calendar

• Form 11: Annual Return – Due by 30th May.
• Form 8: Statement of Accounts – Due by 30th October.
• ITR-5: Income Tax Return – Due by 31st July (or 30th September if audit applies).
• Audit: Tax Audit filing (if applicable) – Due by 30th September.
• Form 3CEB: For international/domestic specified transactions – Due by 30th November.

Penalties for Non-Compliance

Failure to file LLP annual returns or statements on time results in a penalty of ₹100 per day of delay for both Form 11 and Form 8. Non-compliance may also restrict LLP closure and lead to additional fines and legal consequences.

Benefits of LLP Annual Compliance

• Enhanced Credibility: Compliance improves reputation and supports loan approvals and investor trust.
• Financial Record: Creates a reliable financial history for business growth.
• Active & Penalty-Free Status: Avoids late fees and prevents the LLP from being declared defunct.
• Simplifies Conversion/Closure: Regular compliance makes restructuring or winding-up easier.

How Taxation Point India Helps

• Dedicated Compliance Manager: A single point of contact for all LLP compliance requirements.
• Document Preparation: Accurate drafting and review of Form 11, Form 8, and ITR-5.
• Audit Assistance: Professional support in case audit is applicable.
• Filing & Certification: Support in digital signatures and certification by CA/CS/CMA.
• End-to-End Support: From bookkeeping to income tax return filing and ROC submissions.

Why Choose Taxation Point India?

With Taxation Point India, you get reliable and professional compliance support. We ensure accuracy, timeliness, and complete statutory compliance—helping you avoid penalties and maintain a strong financial record.

Get started with Taxation Point India today and make LLP compliance stress-free and penalty-free!