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Updated on 25 Jan 2021  9.00 AM IST | 4 min read

LLP Annual Return Filing in India

Limited liability partnership is a partnership in which all partners have limited liability. In LLP, one partner is not responsible for the other partner’s misconduct or negligence. Every LLP registered with ministry of corporate affairs has to file statement of accounts and annual returns every year.

Mandatory Compliances for LLP

There are 3 compliances which every LLP has to mandatorily comply with –

Annual return

Financial statements of LLP

Income tax return filings

As a registered LLP user, you have to mandatorily file financial statements & annual return even if you are not doing any business. Even a nil return should be filed as it is a compulsory requirement.

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Due Date For Filing Statement Of Accounts & Annual Returns For LLP

Remembering due date is very necessary as missing of any deadline will lead to fines, penalties etc. Due date for filing statement of accounts & annual returns for LLP are given below –

  1. Filing of statement of accounts – Every LLP must prepare and close its books of accounts before 31st march every year. To file statement of accounts, form 8 needs to be properly filed by at least two designated partners with the registrar within 30 days after completion of 6 months of the financial year. The last date for filing statement of accounts is 30th October every year. Submitting the form after the deadline will lead to fines, penalties etc.
  2. Filing of Annual return – Form 11 is used to file annual returns. It is a summary of all the designated partners involved in management of LLP. If there are some changes in the management of LLP, it should be indicated in form 11.

To file annual returns, form 11 needs to be properly filed to the registrar within 60 days from the end of financial year. The last date of filing annual return is 30th may every year. Submitting the form after deadline will lead to fines, penalties etc.

Documents Required For LLP Annual Filing

Statement of Accounts

Disclosure under MSME development act (if applicable)

Audit Requirement for LLP

Every LLP whose annual turnover is more than Rs.40 lakhs or whole contribution is more than Rs.25 Lakhs should get their accounts audited unless they have to face fines, penalties etc.

Income Tax Compliance for LLP

It is necessary for an LLP to follow income tax compliance. Two of the compliances are given below –

Income tax return

Every LLP needs to file their income tax return every year before the deadline. The last date of filing LLP return is 31st July every year but if tax audit is running in any LLP, they are required to file their income tax return latest by 30th September.

Audit under income tax act –

Under section 44AB of the income tax act, every LLP whose turnover is more than Rs.1 crore in case of business or more than 50 lakh in case of a profession need to get their books of accounts tax audited. Books of accounts should be audited & filed by 30th September.

Penalty for LLP Late Filing

If there is a delay in filing LLP returns, a penalty of Rs.100 will be charged per day from the last day of filing to the payment processing date. You cannot close or wind up your LLP without filing annual returns.

LLP Annual Compliance Calender

Form type Description Due date To be filled with
Form 8 Filing statement of accounts 30th October Registrar of companies
Form 11 Filing annual return 30th May Registrar of companies
ITR-5 Filing income-tax return 31st July (or 30th September, if under tax audit) Income tax department
Audit Tax audit (If applicable) 30th September Income tax department

Limited Liability Partnership FAQs

Every LLP has to compulsorily file the annual return along with the required documents to ministry of corporate affairs (MCA).
LLP annual return should be filed to the registrar within 60 days from the end of financial year. The last date of filing annual return of LLP is 30th May of every financial year.
Late filing or not filing of LLP annual return will attract a penalty of Rs.100 per day from the last day of filing to the payment processing date.

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Due Dates

  • Deadline for filing income-tax returns (ITR) for FY 2019-20 (AY 2020-21)

    Jan 10th ,2021
  • Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for December 2020

    Jan 10th ,2021
  • Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for December 2020

    Jan 10th ,2021
  • Due date for Payment of TDS/ TCS for Oct 20- IT

    Jan 10th ,2021
  • GSTR 1 for December 2020 (turnover more than INR. 1.50 Crore)

    Jan 11th ,2021
  • Monthly GSTR 6 for December 2020

    Jan 13th ,2021