Audit · LLP Act

Audit — LLP Act for compliant limited liability partnerships.

Statutory audit, annual filing, and income tax compliance for Limited Liability Partnerships — Form 8, Form 11, and the LLP tax return — handled accurately and on time by our Mumbai-based CA team.

The Limited Liability Partnership Act, 2008 governs LLPs in India and imposes specific audit, accounting, and annual filing requirements. While smaller LLPs enjoy a lighter compliance burden than companies, those crossing prescribed thresholds — or those that simply want reliable financial records — need a properly conducted statutory audit.

An LLP is required to get its accounts audited if its annual turnover exceeds ₹40 lakh or its contribution exceeds ₹25 lakh in a financial year. Additionally, all LLPs — regardless of turnover — must file Form 8 (Statement of Accounts and Solvency) and Form 11 (Annual Return of the LLP) with the MCA every year. Failure to file attracts penalties of ₹100 per day per form with no cap.

At NDS Advisors, we provide a complete LLP compliance service — conducting the statutory audit where required, preparing the Statement of Accounts and Solvency, filing Form 8 and Form 11, and preparing and filing the LLP income tax return. We track your deadlines and keep your LLP in good standing with the MCA.

Our Audit — LLP Act Services

LLP Statutory Audit

Statutory audit of LLP accounts where annual turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh — with signed audit report and Statement of Accounts.

Form 8 Filing (Statement of Accounts & Solvency)

Preparation and filing of Form 8 — the annual Statement of Accounts and Solvency — with the MCA by 30 October each year.

Form 11 Filing (Annual Return)

Preparation and filing of Form 11 — the LLP Annual Return disclosing partners, contribution, and business details — with the MCA by 30 May each year.

LLP Income Tax Return

Preparation and filing of the LLP income tax return — typically ITR-5 — including computation of income and tax, and advance tax management.

LLP Tax Audit (Section 44AB)

Tax audit for LLPs crossing the prescribed turnover threshold — with Form 3CB and Form 3CD certification filed on the Income Tax portal.

Designated Partner Compliance

Advice and support on DPIN maintenance, partner KYC filings, and designated partner responsibilities under the LLP Act.

LLP Accounting & Bookkeeping

Maintenance of LLP books of accounts in compliance with the LLP Act and accounting standards — as a precondition to audit and filing.

LLP Conversion Support

Audit and compliance support for LLPs being converted to private limited companies — including pre-conversion accounts and filing requirements.

Our Process

Applicability Check

Confirming whether statutory audit applies based on the LLP's turnover and contribution for the financial year.

Accounts Preparation

Preparation or review of the LLP's statement of accounts — income and expenditure, balance sheet, and partner capital accounts.

Audit Conduct

Audit of LLP accounts where required — with a signed audit report and statement confirming solvency.

Form 8 & 11 Preparation

Preparation of Form 8 (with or without audit requirement) and Form 11 based on audited or reviewed accounts.

Filing & Tax Return

MCA filing of Form 8 and Form 11 within due dates, followed by preparation and filing of the LLP income tax return.

Why It Matters

✓Avoids unlimited ₹100/day late filing penalties on Form 8 and 11

✓Keeps LLP active status and avoids MCA strike-off action

✓Accurate Statement of Accounts and Solvency for partner use

✓Timely LLP tax return minimises interest and penalties

✓Covers both audit and non-audit LLPs under one engagement

✓Supports LLP-to-company conversion accounting and filing

✓Maintains clean MCA records for lender and investor use

✓Single team for audit, filing, and income tax compliance

Frequently Asked Questions

Audit is mandatory for an LLP if its annual turnover exceeds ₹40 lakh or its contribution exceeds ₹25 lakh in a financial year. LLPs below these thresholds are not required to have their accounts audited — but must still file Form 8 (Statement of Accounts and Solvency) and Form 11 (Annual Return) with the MCA every year.

Form 8 is the Statement of Accounts and Solvency — an annual MCA filing that includes the LLP's financial statements (balance sheet, income and expenditure account) and a declaration by the designated partners that the LLP is solvent. It must be filed by 30 October each year. LLPs subject to audit must file audited accounts in Form 8; others file unaudited accounts.

Form 11 is the Annual Return of the LLP — disclosing the LLP's name, registration, business activity, total contribution, and details of partners. It must be filed by 30 May each year for the preceding financial year. All LLPs, regardless of turnover, must file Form 11.

The LLP Act imposes a penalty of ₹100 per day per form for delayed filing, with no upper cap. This means a delay of even one year results in a minimum penalty of ₹36,500 per form — and penalties accumulate until the form is filed. Persistent non-filing can result in the LLP being struck off the register.

Yes. All LLPs must file an income tax return — typically ITR-5 — regardless of whether they have income or are subject to tax audit. LLPs with business turnover above ₹1 crore (or ₹10 crore with low cash) must also have a tax audit under Section 44AB with Form 3CB and Form 3CD certification.

Yes. Where the LLP is subject to both a statutory audit under the LLP Act and a tax audit under the Income Tax Act, the same Chartered Accountant or firm can conduct both — leveraging the same fieldwork and records review for both purposes. This is the most efficient and cost-effective approach for the LLP.

Keep your LLP compliant, year after year.

Talk to our team about LLP audit, Form 8 and 11 filing, and income tax compliance for your Limited Liability Partnership.