Annual Compliance Filing for LLP Company in India

The Limited Liability Partnerships (LLPs) are those firms which are registered under the Indian LLP Act of 2008 and the LLP Rules of 2009. Like all other companies, LLPs are also essentially required to make some annual and periodic compliances with MCA, Income Tax Department, and other concerned regulatory bodies and authorities. This webpage offers information only about the annual compliances to be made by an LLP located anywhere in India.

In general, the mandatory annual compliances for LLP in India are quite lesser than those for a private or public limited company. However, it must be noted that LLPs are compulsorily required to make the statutory compliances timely, even when their respective businesses were not operative during the specified financial year. The items of annual compliance filing for llp company in india are separately listed under the section below.

Not only LLPs, all types of companies located in India are helped by our Delhi-based and internationally renowned full-service law firm of India through our expert and reasonably-charged compliance services for them. These services for compliance filings for all types of companies are a part of our ancillary services. To know about our main and most significant legal services, please refer to the home-page or index page of this globally famous law firm of India.

LLP Annual Filing Process and Our Services for Registered LLP Company

The llp annual filing processes and forms are stipulated below, along with the due timelines for filing the same. In general, the annual compliances of an LLP in India are mainly the following

• Annual Return in Form-11: Containing significant information about the existing partners of the concerned LLP and any latest changes in its management, this Form-11 is to be filed with the relevant Registrar, within Sixty days from the closure of the assessed financial year, i.e., on or before May 30 every year. Again, this Annual Return must be accompanied by a certificate from a practicing Company Secretary, if the annual turnover of the LLP exceeds Rs. Five Crore; or its total paid-up capital crosses Rs. Fifty Lakh.
• The Statement of Accounts and Solvency (SAS) in Form-8: This SAS is to be filed with the Registrar of LLPs, within Thirty days from the end of six months of the current financial year, i.e., on or before October 30, every year.
• Income Tax Returns: The ITR is to be filed with the Income Tax Department, Govt of India, on or before the prescribed dates mentioned below:
  • For LLPs having no Audit requirements ---- July 31, every year.
  • For LLPs requiring compulsory Auditing of their respective accounts --- September 30, every year; or any other date notified by ITD.
  The mandatory requirement for a rigorous audit of the accounts of an LLP arises when its annual turnover gets more than Rs. Forty Lakh; or its total capital contribution exceeds Rs. Twenty-Five Lakh. Such auditing must be performed by a qualified Chartered Accountant. Again, such an auditing of the accounts of an LLP is also prescribed under the Indian Income Tax of 1961, when the annual turnover of the LLP becomes more than Rs. One Crore.
• Event-based compliances: These compliances may relate to the internal or external administration of the LLP or management of its business/service.
• Annual compliances under all concerned Laws and Statutes: These compliances may be under the Labor & Employment Laws, Intellectual Property Laws, Indian GST Act, Environmental Laws, and so on.

LLPs located in entire India and belonging to Indian and Foreign entrepreneurs, may readily and economically avail our expert and efficient services for annual compliances, just through calling over: +91-81303-00046; or sending their respective queries or requests at: companies@GlobalJurix.com