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Limited Liability Partnership compliance

For Limited Liability Partnerships (LLPs), filing returns regularly is crucial to stay compliant and avoid hefty penalties. While the compliance requirements for LLPs are lighter than for private limited companies, non-compliance can still lead to fines of up to ₹5 lakh.

At Vyapaar Registration, we understand how important it is to meet these annual compliance requirements, and we’re here to help you navigate the process smoothly and avoid penalties.
Start today to keep your LLP compliant and stress-free!.

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LLP Compliance

LLPs are separate legal entities and must follow certain compliance rules. The responsibility to ensure compliance lies with the Designated Partners. Key compliance tasks for LLPs include:
 1.  Keeping proper financial records
 2.  Filing annual returns
 3. Submitting a Statement of Accounts
 4. Filing Income Tax Return (ITR-5)
 5. Tax audit filing (if needed)
By meeting these requirements, your LLP stays legally compliant, builds trust, and ensures financial transparency.
Let Vyapaar Registration help you keep your LLP on track with all these obligations!

LLP Annual Filing and Compliance

Compliance Task Form/Document Due Date Penalty for Late Filing Additional Notes
Annual Return Filing Form 11 By May 30th (60 days after financial year ends) ₹100 per day of delay Includes details of partners, contributions, etc.
Statement of Accounts & Solvency Filing Form 8 Within 30 days of six months after the financial year ends ₹100 per day of delay Includes solvency statement and financial accounts. Must be signed by 2 partners and certified by a CA, CS, or CMA.
Tax Filing Without Audit ITR-5 By July 31st - For LLPs not subject to tax audit.
Tax Filing With Audit ITR-5 By September 30th - For LLPs requiring tax audit.
Tax Audit Requirement - September 30th - If annual turnover exceeds ₹40 lakhs or contribution exceeds ₹25 lakhs. Threshold raised to ₹5 crore in certain conditions.
International Transactions Filing Form 3CEB November 30th - For LLPs with international transactions or specified domestic transactions, certified by a CA.
Key Points to Remember

LLP Compliance

  • Timely Filing

Failing to file annual returns or financial statements on time leads to penalties.

  • Audit Requirement

LLPs with a turnover exceeding ₹40 lakhs must undergo a tax audit. Certain exceptions apply for a turnover up to ₹5 crore.

  • Income Tax Returns

LLPs must file ITR-5 by July 31st unless a tax audit is required, then the deadline extends to September 30th.

LLP Annual Filing Compliance Calendar

Form Type Description 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 30th September, if tax audit is mandatory) Income Tax Department
Audit Tax Audit (only if applicable) 30th September Income Tax Department

Why Regular LLP Filing is Important for Your Business

Regular LLP filing offers several advantages:

  • Improved Reputation

Completing annual filings boosts your LLP’s credibility, making it easier to get loans and meet business requirements.

  • Builds Financial History

It helps create a reliable financial record that can attract potential investors or business partners.

  • Keeps Your LLP Active

Staying compliant prevents your LLP from being declared inactive or facing penalties.

  • Easier Business Changes

Timely filings simplify converting your LLP into a different business structure or closing the
business if needed.

FAQ

You need to file LLP returns once a year. This includes submitting Form 11 (Annual Return) by May 30th and Form 8 (Statement of Accounts) by October 30th.

If you miss the deadlines, your LLP will incur a penalty of Rs. 100 per day of delay. It’s important to file on time to avoid penalties and maintain your LLP’s good standing.

An audit is required only if your LLP’s turnover exceeds Rs. 40 lakhs or contributions exceed Rs. 25 lakhs. In such cases, you must file a tax audit by September 30th.

While you can file returns yourself, it's always better to get professional help to ensure everything is done correctly and on time. Vyapaar Registration can assist with all your LLP compliance needs.

For annual filings, you will need the LLP’s financial records, details of the designated partners, and information about assets, liabilities, and transactions.

No, your LLP cannot be closed or dissolved if annual returns (Form 11 and Form 8) are pending. Filing them is a must to legally wind up your business.

Non-compliance can lead to fines, penalties of Rs. 100 per day for late filing, and even legal complications that could affect your business reputation.

Yes, you need to file an Income Tax Return (ITR-5) every year. If your LLP is subject to an audit, the ITR must be filed by September 30th; otherwise, it’s due by July 31st.

Yes, you can convert your LLP to a Private Limited Company by following the required procedures. Regular filings make the conversion process smoother.

We provide a clear LLP compliance calendar, so you can easily track filing dates and avoid penalties. Vyapaar Registration can help you stay on top of deadlines.

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