Limited Liability Partnerships (LLPs) have simpler compliance requirements compared to companies, but annual filings are mandatory.

Annual Compliance Requirements

• Annual Return (Form 11)
• Statement of Account and Solvency (Form 8)
• Income Tax Return filing
• GST Returns (if applicable)
• Audit (if applicable)

Form 11 - Annual Return

• Must be filed within 60 days of financial year end
• Contains details of partners, contributions, changes
• Due date: May 30th for FY ending March 31st
• Late filing fee: ₹100 per day

Form 8 - Statement of Account & Solvency

• Must be filed within 30 days of 6 months of FY end
• Contains financial statements
• Due date: October 30th for FY ending March 31st
• Audit required if turnover > ₹40 lakhs or contribution > ₹25 lakhs

Audit Requirements

• Turnover exceeds ₹40 lakhs, OR
• Contribution exceeds ₹25 lakhs
• If audit required, certified financials to be filed

Exemptions

• No requirement of board meetings
• No AGM required
• Less stringent compared to companies
• No audit if below threshold

Our Services

• Form 11 preparation and filing
• Form 8 and financial statements
• Audit coordination (if required)
• Income tax return filing
• GST compliance
• Compliance calendar and reminders

Simple and efficient LLP compliance management!