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Annual Compliance for Limited Liability Partnerships (LLPs) with ND Salva & Associates
Limited Liability Partnerships (LLPs) enjoy the benefits of operational flexibility and limited liability—but they are not exempt from legal obligations. Each LLP is a separate legal entity and is required to meet annual compliance requirements under the Limited Liability Partnership Act, 2008 and the Income Tax Act, 1961.
Failure to meet these requirements can lead to substantial penalties, legal complications, and damage to business credibility. At ND Salva & Associates, we ensure your LLP is fully compliant with all statutory obligations—accurately, efficiently, and on time.
LLP Annual Compliance Checklist
The Designated Partners of the LLP are legally responsible for ensuring compliance with the following core annual obligations:
| Compliance | Form | Due Date | Governing Body |
|---|---|---|---|
| Annual Return Filing | Form 11 | 30th May | Ministry of Corporate Affairs (MCA) |
| Statement of Accounts & Solvency | Form 8 | 30th October | MCA |
| Income Tax Return (ITR-5) | ITR-5 | 31st July (Non-Audit) / 30th September (Audit) | Income Tax Department |
| Tax Audit (if applicable) | — | 30th September | Income Tax Department |
| Transfer Pricing Report (if applicable) | Form 3CEB | 30th November | Income Tax Department |
Form 11 – LLP Annual Return
All LLPs must file Form 11 annually with the MCA, disclosing partner details, contributions, and structural data.
Due Date: 30th May every year
Applicability: Mandatory for all LLPs, regardless of turnover
Penalty for Delay: ₹100 per day of delay, with no upper limit
An LLP cannot be voluntarily closed unless all annual returns are filed.
Form 8 – Statement of Accounts and Solvency
Form 8 includes both financial data and a solvency declaration. It is divided into:
Part A – Solvency Statement
Part B – Income & Expenditure, Assets & Liabilities
Due Date: 30th October
Required Signatories: Two Designated Partners (digitally signed)
Certification: By a Practicing CA/CS/CMA
Penalty for Delay: ₹100 per day of non-compliance
Income Tax Return (ITR-5)
LLPs must file their annual income tax return in Form ITR-5, irrespective of income or activity level.
Due Date (No Audit): 31st July
Due Date (Audit Applicable): 30th September
Details Required: Income, deductions, tax computation, profit & loss statement, and balance sheet
Tax Audit Requirement for LLPs
A tax audit under Section 44AB of the Income Tax Act is mandatory if:
Annual turnover exceeds ₹1 crore (general threshold)
Contribution exceeds ₹25 lakhs
In certain conditions, the limit is enhanced to ₹5 crores if cash transactions do not exceed 5% of receipts/payments
Audit Due Date: 30th September
Form 3CEB – International or Specified Domestic Transactions
If your LLP has international transactions or is subject to specified domestic transactions, Form 3CEB must be filed:
Due Date: 30th November
Certification: By a Chartered Accountant specializing in transfer pricing
Bookkeeping & Statutory Record Maintenance
LLPs must maintain:
Proper books of accounts
Records of all financial transactions
Supporting documents (invoices, bank statements, contracts, etc.)
Good bookkeeping ensures audit readiness, supports tax filings, and demonstrates compliance transparency.
Non-Compliance Penalties
| Type of Default | Penalty |
|---|---|
| Late Filing of Form 11 or Form 8 | ₹100 per day, per form |
| Failure to file ITR-5 | Interest, penalty under the Income Tax Act |
| Non-compliance with audit provisions | Fines under both LLP and IT Acts |
| Inability to close LLP due to pending filings | Delay in voluntary strike-off, legal complications |
Benefits of Timely LLP Compliance
Enhanced Financial Credibility: Improves access to bank loans, investors, and government tenders
Clear Record of Financial Standing: Builds trust with vendors and partners
Protects Legal Status: Prevents your LLP from being marked inactive or defunct
Simplifies Conversion/Closure: Enables smooth conversion into Pvt Ltd/LLC or lawful dissolution
Why Choose ND Salva & Associates?
LLP compliance is more than filing forms—it’s about legal risk management. At ND Salva & Associates, we go beyond basic filings to provide strategic, full-spectrum legal compliance services for LLPs across India.
Our Services Include:
- Compliance Calendar Management
- Preparation & Filing of Form 11 and Form 8
- ITR Filing and Tax Audit Assistance
- Transfer Pricing Reporting (Form 3CEB)
- Digital Signature Certificate (DSC) Assistance
- Professional Certification by CAs, CSs, and CMAs
- Legal Advisory on Conversion, Restructuring, or Closure of LLP
Let’s Ensure Your LLP Stays Compliant — Year After Year
Avoid last-minute stress and costly penalties. Partner with ND Salva & Associates for proactive, transparent, and legally sound LLP compliance services.
Schedule a Compliance Consultation Today
