✅ Introduction

A Limited Liability Partnership (LLP) is a popular business structure in India that offers the benefits of limited liability with the operational flexibility of a partnership. However, like all registered entities, LLPs must adhere to specific annual compliance and filing requirements under the LLP Act, 2008 and the Income Tax Act, 1961.

Failing to meet these filing obligations can lead to heavy penalties, disqualification of partners, and legal complications. This article provides a detailed guide to the mandatory annual filing requirements for LLPs in India.

📑 List of Annual Compliance & Filing for LLPs

1. 📅Form 11 - Annual Return of LLP

• Due Date: 30th May every year

• Applicability: All LLPs, irrespective of business activity or turnover

• Contents:

  • Details of partners

  • Capital contribution

  • Summary of management affairs

• Penalty for Non-Filing: ₹100 per day, with no upper cap

Note: Even dormant LLPs are required to file Form 11 annually.

2. 📊Form 8 - Statement of Account & Solvency

• Due Date: 30th October every year

• Applicability: Mandatory for all LLPs

• Contents:

  • Statement of assets & liabilities

  • Statement of income & expenditure

  • Declaration of solvency by Designated Partners

• Certification Required:

  • If turnover exceeds ₹40 lakh or capital contribution exceeds ₹25 lakh, accounts must be audited by a Chartered Accountant

• Penalty for Non-Filing: ₹100 per day

3. 💻Income Tax Return (ITR-5)

• Due Date:

  • 31st July if tax audit is not applicable

  • 30th September if tax audit is applicable

• Applicability: All LLPs

• Tax Audit Applicability:

  • Business turnover exceeds ₹1 crore

  • Professional receipts exceed ₹50 lakh

Note: LLPs must file ITR-5, even if there is no income or the LLP is inactive.

4. 👤DIR-3 KYC for Designated Partners

• Due Date: 30th September every year

• Applicability: Every Designated Partner holding a DIN (Director Identification Number)

• Penalty for Non-Filing: ₹5,000 and DIN gets deactivated

5. 📚Other Applicable Compliance (If Required)

• GST Returns: If LLP is registered under GST

• TDS Returns: If TDS provisions apply

• Professional Tax Returns: Based on state-specific requirements

• Other Business-Specific Licenses & Renewals

📊 Summary of Annual Filing Requirements

⚠️ Consequences of Non-Compliance

Non-compliance can lead to:
✔ Daily penalties for Form 8 and Form 11
✔ Disqualification of designated partners
✔ LLP being marked as a defaulting entity
✔ Difficulty in raising loans or expanding business
✔ In extreme cases, LLP may be struck off

✅ Advantages of Timely Compliance

✔ Avoid penalties and legal hassles
✔ Builds credibility and trust with clients, banks, and investors
✔ Smooth business operations
✔ Easy access to loans and government schemes
✔ Ensures active status of LLP

🎯 Conclusion

Annual compliance is not just a legal obligation for LLPs, but also a reflection of professionalism and operational discipline. Timely filing of returns, maintaining proper records, and adhering to regulatory requirements ensure that your LLP runs smoothly without legal hindrances.

It is advisable to engage a professional Chartered Accountant or Company Secretary to handle your LLP's compliance needs efficiently.