LLP Annual Filing Compliances

 

LLP Annual Filing Compliances

 

LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain a proper book of accounts and file an annual return with the MCA each financial year. LLP form 11, Form 8 & Income tax return are main compliances.

LLP Annual Filing Forms:

Form 11:

Form 11 is a statement of annual return. Every LLP is required to file Annual Return in Form 11 to the Registrar within 60 days from the closure of financial year i.e. Annual Returns have to be filed on or before 30th May every year.

Form 8:

Form 8 is a statement of accounts. Every LLP is required to prepare and close its accounts until the 31st March every year. From 8 is to be filed by at least two Designated Partners with the Registrar within 30 days after completion of six months of Financial Year i.e. 30th October every year.

 

Late filing of such forms entail penalties of Rs. 100/- per day of default.

LLP Annual Filing Compliance Calendar for your quick reference: 

Form Type	Described	Due date	To be filed with
Form-8	Filing of Statement of Accounts	30th October	Registrar of Companies
Form-11	Filing of Annual Returns	30th May	Registrar of Companies
ITR -5	Income tax return	31st July (or 30th September, if tax audit is mandatory)	Income tax department
Audit	Tax Audit (only if applicable)	30th September	Income tax department

 

Late filing of such forms entail penalties of Rs. 100/- per day of default.

 

Naveen Sharma 

Director 

Novation Knowledge Solutions Private Limited 

Registered Office : 527 Keshavpura Kota Rajasthan 

Branch : C -108 fourth Floor Kailash Colony Delhi -110065

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