What are LLP Annual Filing Compliances?
LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain a proper book of accounts and file an annual return with the MCA each financial year. LLP form 11, Form 8 & Income tax return are main compliances
Important Update on Due Date Extension for LLP Form 11 and other LLP Compliance Forms |
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LLP Annual Filing Forms:
Form 11:
Form 11 is a statement of annual return. Every LLP is required to file Annual Return in Form 11 to the Registrar within 60 days from the closure of financial year i.e. Annual Returns have to be filed on or before 30th May every year.
Form 8:
Form 8 is a statement of accounts. Every LLP is required to prepare and close its accounts until the 31st March every year. From 8 is to be filed by at least two Designated Partners with the Registrar within 30 days after completion of six months of Financial Year i.e. 30th October every year.
Late filing of such forms entail penalties of Rs. 100/- per day of default.
LLP Annual Filing Compliance Calendar for your quick reference:
|
Form Type |
Described |
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 |
Late filing of such forms entail penalties of Rs. 100/- per day of default.
