LLP Annual Filling

About LLPs Annual Filing

LLP Annual Filling

LLPs are Limited Liability Partnerships i.e. these companies are run in partnership with a number of partners. They have their different responsibility and roles. As the LLPs are run in partnership, so it is the duty of partners to maintain a proper book of all financial transactions. LLPs are separate legal entities. They are registered under the Ministry of corporate affairs. LLPs are required to get their accounts audited by a qualified Chartered Accountant mandatorily when their turnover exceeds INR 40 lakhs, and if the contribution is more than INR 25 lakhs.

For a Limited Liability Partnership, the returns should be filed periodically for maintaining company compliance and security for the penalty in the delay of filing or non-filing.LLPs has to follow less rules and regulation as compared to private limited. The penalty for LLP is 5 lakh where it is less for private limited.

Documents To Be Submitted:-
  1. List of Partners with holdings
  2. Last year’s tax return (if applicable)
  3. LLP Partnership Deed
  4. DSC of anyone partner(Compulsorily Required)
  5. Bank statement of LLP
  6. Details of any transaction like sale, purchase, expenses, etc. (If applicable)

LLP Annual Filings Last Date:-
  1. The due Date of Form 11 is 30th may and late filing fees is Rs.100/- per day
  2. The due Date of Form 8 is 30th October and late filing fees are Rs.100/- per day.

Few Important Points:-
  1. LLPs in India must file their Annual Return within 60 days from the end of the financial year.
  2. Statement of Account & Solvency within 30 days from the end of six months of the close of the financial year.
  3. It is mandatory for LLP’s to maintain their financial year, from 1st April to 31st March.
  4. LLP Annual Filing is due on 30th May.
  5. Statement of Account & Solvency is due on 30th October of each financial year.
  6. As annual turnover exceeds Rs. 40 lakhs & the contribution exceeds Rs. 25 Lakh then, LLP’s are required to do audit.

Procedure for the Annual Filling:-
  • Fill the form manually or electronically ( ie; e-form).
  • Submit all the required documents and sign the documents.
  • Submit the form in MCA.
1. What is Accounts and Solvency ?

The accounts and solvency is the mandatory document for the filling of return. The Statement of Accounts and Solvency includes a declaration on the state of solvency of the LLP by the designated partners and also information related to the assets, liabilities, income and expenditure of the LLP.

2. What is the due date of annual filing ?

Annual return of an LLP is due before May 30th of each financial year. The Annual return of an LLP is due within 60 days of close of financial year.

3. How much penalty have to pay ?

If the annual return is not filed or delay due to some reason then the companies (LLPs) has to pay the penalty of Rs.100 per day as default.

4. How many form need to be fill ?
There are two form needs to be fill:
1) Form-11 for Annual filing of LLP.
2) Form-8 for Accounts & statement.
5. Who is liable for filing the annual ?
The Designated Partners of the LLP are responsible to file LLP ROC Return.
6. How to check the return status ?

It shows on the Master Data of the Company on the MCA (Ministry of Corporate Affairs) website.


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