Every Limited Liability Partnership (LLP) registered under the LLP Act 2008 must file annual returns and financial statements with the Ministry of Corporate Affairs (MCA) every year — regardless of turnover or activity (even NIL returns are mandatory). Failure to file attracts substantial late fees that accumulate daily.
Mandatory Annual Filings for LLP
1. Form 11 — Annual Return
2. Form 8 — Statement of Account & Solvency
3. Income Tax Return (ITR-5)
- ▸Content: Details of partners, their capital contributions, and any changes during the year
- ▸Due date: May 30 every year (for the financial year ending March 31)
- ▸Late fee: ₹100 per day until filing (no maximum — keeps accumulating!)
- ▸Content: Financial statements — balance sheet, profit & loss statement, declaration of solvency
- ▸Due date: October 30 every year
- ▸Audit required: If LLP turnover > ₹40 lakh OR contribution > ₹25 lakh
- ▸Late fee: ₹100 per day
- ▸Due date: July 31 (if no audit) or October 31 (if audit required)
- ▸LLPs pay tax at flat 30% on income
Who Signs and Files LLP Returns?
- ▸Form 11 and Form 8 must be digitally signed by at least 2 designated partners using their DSC
- ▸If LLP has only 1 designated partner — signed by that partner
- ▸All designated partners must have active DSC and DIN for filing
LLP Annual Compliance Calendar
| Month | Task |
|---|---|
| April | Conduct partnership meeting, review financials |
| May 30 | File Form 11 (Annual Return) |
| July 31 | File ITR-5 (if no audit) |
| August | Board approves financial statements (if audit needed) |
| September | Get books audited (if required) |
| October 30 | File Form 8 (Financial Statements) |
| October 31 | File ITR-5 (if audit required) |
Late Fees — Why Filing on Time Matters
The late fee for LLP forms is ₹100 per day — with NO maximum cap. This means:
Many LLPs that don't file for 2–3 years accumulate ₹2–4 lakh in late fees. Filing on time costs ₹5,000–₹15,000 professionally; filing 3 years late with penalties costs ₹3–5 lakh or more.
- ▸1 month late = ₹3,000
- ▸6 months late = ₹18,000
- ▸1 year late = ₹36,500 per form
- ▸3 years late = ₹1,09,500 per form
Other LLP Compliance Requirements
- ▸DIR-3 KYC: All designated partners must file KYC annually (due date: September 30)
- ▸DPIN: Ensure DPIN of all partners is active
- ▸GST filing: Monthly/quarterly GSTR-1 and GSTR-3B if GST registered
- ▸TDS filing: If LLP deducts TDS from employee salaries or vendor payments
Conclusion
LLP compliance is straightforward but the penalty for non-filing is severe. Biswa Corporate Solutions handles complete LLP annual compliance — Form 11, Form 8, ITR-5, partner KYC — with advance reminders so you never miss a deadline.
