LLP Compliance — Annual Filings Done. Penalties Avoided.

A Limited Liability Partnership (LLP) registered under the LLP Act, 2008 has two mandatory annual filings with the Ministry of Corporate Affairs: Form 11 (Annual Return) and Form 8 (Statement of Accounts and Solvency). These are not optional — failure to file attracts a penalty of INR 100 per day per form, with no ceiling, meaning a delay of just one year can result in penalties exceeding INR 70,000 per form. The MCA will not allow an LLP to make any structural changes — new partner, LLP agreement amendment, registered office change — until all pending annual filings are cleared.

Form 8, which contains the LLP's statement of accounts (balance sheet and income and expenditure account) and a solvency declaration by the designated partners, must be filed by October 30. For LLPs with turnover exceeding INR 40 lakh or contribution exceeding INR 25 lakh, the Form 8 accounts must be audited by a Chartered Accountant. Form 11, the Annual Return disclosing partner details and contributions, must be filed by May 30. Both forms require DSC of the designated partners and, where applicable, certification by a practising CA or CS.

In addition to MCA filings, every LLP must file an annual income tax return in ITR-5, regardless of whether it has income. LLPs with turnover above the tax audit threshold must also get a tax audit done under Section 44AB. We manage all three annual compliance obligations for LLPs — Form 8, Form 11, and ITR-5 — along with LLP agreement amendments and partner changes on the MCA portal.