Annual Compliance for Limited Liability Partnership (LLP)
- Maintenance of accurate financial records and books of account
- Filing of LLP Annual Return using Form 11 by May 30th
- Filing of Statement of Accounts and Solvency using Form 8 by October 30th
- Assistance with tax audit filings for LLPs crossing turnover/contribution thresholds
- Filing of Form 3CEB for LLPs with international or specified domestic transactions
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LLP Annual Compliance: Avoid Penalties, Maintain Good Standing
Limited Liability Partnerships (LLPs) must fulfill annual compliance requirements under the LLP Act, 2008 to retain active status and avoid severe penalties (up to ₹5 lakh). Key obligations include financial reporting, tax filings, and statutory disclosures. Non-compliance risks:
- Daily fines of ₹100–500
- Inability to close/wind up operations
- Loss of legal entity benefits *We handle end-to-end compliance with 100% deadline adherence.*
5 Core Compliance Pillars for LLPs
- Book of Accounts: Maintain transaction records, assets/liabilities.
- Form 11 (Annual Return): Partner details, contributions (due May 30).
- Form 8 (Statement of Accounts): Financial position + solvency (due Oct 30).
- ITR-5 (Income Tax Return): Filed with Income Tax Department.
- Tax Audit: Mandatory if turnover >₹40 lakh/contribution >₹25 lakh (due Sep 30). Designated Partners bear legal responsibility for filings.
Annual Return Filing Essentials
- Purpose: Disclose partner details, capital contributions.
- Due Date: May 30 (within 60 days of financial year-end).
- Penalty: ₹100/day delay from due date.
- Blockage: Non-filing prevents LLP closure/dissolution. We file digitally with designated partner signatures.
Financial Health Declaration
- Components:
- Part A: Solvency statement
- Part B: Income/expenditure + balance sheet
- Due Date: October 30 (within 30 days post 6-month FY end).
- Signatories: Two designated partners + CA/CS certification.
- Penalty: ₹100/day for delays.
Income Tax & Audit Requirements
| Requirement | Threshold | Deadline |
|---|---|---|
| ITR-5 Filing | All LLPs | July 31 |
| Tax Audit | Turnover >₹40 lakh | September 30 |
| Form 3CEB | International transactions | November 30 |
| Note: Audit threshold extends to ₹5 crore if cash transactions <5% of receipts. |
Annual Deadlines at a Glance
| Form | Purpose | Due Date | Authority |
|---|---|---|---|
| Form 11 | Annual Return | May 30 | RoC |
| Form 8 | Statement of Accounts | October 30 | RoC |
| ITR-5 | Income Tax Return | July 31/Sep 30* | Income Tax Dept |
| Tax Audit | Chartered Accountant Report | September 30 | Income Tax Dept |
| *Sep 30 for audit-bound LLPs |
Why Compliance Matters
Enhanced Credibility: Builds trust with banks/investors. Financial Transparency: Creates auditable business history. Operational Continuity: Prevents "defunct" status. Strategic Flexibility: Simplifies conversion to company or closure. Penalty Avoidance: Saves ₹36,500/year in late fees.
Stress-Free Compliance Management
We ensure seamless compliance through: 🔹 Document Automation: Pre-filled Form 8/11 drafts. 🔹 Expert Certification: CA/CS attestation coordination. 🔹 Deadline Tracking: Real-time alerts for all filings. 🔹 Tax Integration: GST/TDS/ITR synchronization. 🔹 Penalty Protection: 100% on-time filing guarantee. Services Include:
- Bookkeeping support
- Financial statement prep
- Digital signature application
- RoC/Income Tax filings
Lock Your LLP’s Compliance Today!
Don’t risk penalties or operational freeze. CA Vakeel offers:
- 24-hour document turnaround
- Dedicated compliance manager
- Online tracking portal
📞 Helpline:+91 98765 43210 📧 Email: contact@yourlegalfirm.com 🖱️ Urgent Filing: Start LLP Compliance Now "From Filings to Financial Health: We Shield Your LLP’s Legal Legacy!"