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LLP Annual Filing

File Your

LLP Annual Returns

Every LLP must file returns on an annual basis. Make your LLP ROC compliant. Prices start at INR 3,499/- only.

 
 
 
 
 
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What are LLP Annual Filing Compliances?

All you need to know

LLP’S 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 LLP ROC filing Limited Liability partnership

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.

Thinkbiz filings is a group of intellectuals. The entire team of Thinkbiz filings consists of Highly qualified CA, CS,  and business administrators. Thinkbiz filings would be a one stop destination for LLP Annual Compliance and filing. We also provide services like Start up advisory, Secretarial compliance services, PAN / TAN application, DIN allotment, GST registration, Trademark registration, GST / Income tax return filing and many more. You may get in touch with our compliance manager on 09704561215or email info@Thinkbizfilings.com  for for free consultation.

Filing Fees for LLP Annual Filing

Cost of Compliance in India
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Compliance Requirements for a Partnership Firm

Income Tax Return

    Partnership firms must file annual tax returns. The due date is 31st July for non-audit cases and 30th September for audited firms. Timely filing ensures compliance, avoids penalties, and maintains legal standing.

    GST Compliances

      Partnership firms must register for GST if turnover exceeds the prescribed threshold. Regular GST return filing is mandatory to ensure compliance, avoid penalties, and maintain smooth business operations under GST laws.

      TDS Compliance

        Partnership firms must deduct and deposit Tax Deducted at Source (TDS) if liable under the Income Tax Act. Timely filing of TDS returns ensures compliance, avoids penalties, and maintains smooth financial operations.

        Accounting

          firms must maintain proper books of accounts reflecting an accurate and fair view of financial affairs. Each partner’s capital, withdrawals and profit share should be recorded separately to ensure transparency

          Tax Audit (if applicable)

            Required for partnership firms if business turnover exceeds ₹1 Cr or professional receipts surpass ₹50 Lakh under Section 44AB, ensuring regulatory compliance and accurate financial reporting.

            Firm Updates

              Partnerships must file updates on any changes in firm structure, such as partner additions, removals, or modifications to the partnership deed, ensuring legal compliance and transparency.

              Documents Required for Partnership Firms

              Quick Checklist

              • PAN card of all partners of the firm.
              • Aadhaar/Passport/Voter ID/Driving License of all partners.
              • Latest utility bill, rent agreement, or ownership proof of the firm’s office.
              • Latest bank statements of partners.
              • Recent photos of all partners.

              Key Benefits of a Partnership Firm

              Points to make your decision easy

              Ease of Formation

                Partnership firms have a straightforward registration process with minimal legal formalities, making them easy and cost-effective to establish.

                Tax Benefits

                  Partnership firms avoid double taxation, as profits are taxed only at the firm’s level and not again in the hands of partners, ensuring tax efficiency.

                  Lower Compliance

                    Partnership have fewer regulatory requirements and legal formalities compared to corporations, reducing administrative burdens and operational costs.

                    Decision-Making

                      Partnership firms enable quick decisions without extensive regulatory approvals, allowing for agile business operations and faster implementation of strategies.

                      Profit Sharing

                        Partners can distribute profits as per the agreed ratio in the partnership deed, allowing flexibility and mutual benefit in financial management.

                        No Minimum Capital

                          Partnership firms have no minimum capital requirement and can be registered even with Rs. 10,000 as total capital, providing flexibility in business setup.

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                          FAQs On LLP Annual Filing
                          Get answers to all your queries
                          • Yes, every Limited Liability Partnership (LLP) must file annual returns with the Ministry of Corporate Affairs (MCA), even if there is no business activity.
                          • An LLP must file the following: Form LLP-8 (Statement of Account & Solvency) Form LLP-11 (Annual Return) Income Tax Return (ITR-5)
                          • Form LLP-11: May 30 (for the previous financial year) Form LLP-8: October 30 (for the previous financial year) ITR-5: July 31 (if no audit) / October 31 (if audit required)
                          • An audit is required if the turnover exceeds ₹40 lakh or capital contribution exceeds ₹25 lakh.
                          • Penalties include: ₹100 per day per form for LLP-8 & LLP-11. LLP may be marked as "Defaulting" or struck off by the Registrar.
                          • Yes, an LLP can be converted into a Private Limited Company under Section 366 of the Companies Act, 2013.
                          • No, an LLP must clear all pending filings and penalties before applying for closure through Form LLP-24.
                          • GST is mandatory if the annual turnover exceeds ₹20 lakh (₹40 lakh for goods) or for interstate transactions.
                          • Yes, DSC is required for designated partners to sign and submit forms online.
                          • Form-3 is used for LLP Agreement changes and is not part of annual compliance but must be filed if there are changes in the agreement.
                          • Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215

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