LLP Annual Compliance

Every LLP must file two annual forms with MCA and income tax return regardless of business activity.

Form 11 -- Annual Return

  • What: Partner details, contribution, business activities
  • Due date: May 30 every year
  • Late fee: Rs.100 per day

Form 8 -- Statement of Accounts

  • What: Balance sheet, P&L, solvency declaration
  • Due date: October 30 every year
  • CA certified if turnover above Rs.40 lakh
  • Late fee: Rs.100 per day

ITR Filing for LLP

  • Form: ITR-5
  • Due date: July 31 (no audit) or September 30 (audit required)
  • Audit required if turnover above Rs.40 lakh or contribution above Rs.25 lakh

Penalty for Non-Compliance

Rs.100 per day late fee with no upper limit. LLP struck off if non-compliant for 2+ years.

MyCamate handles complete LLP annual compliance -- Form 8, Form 11 and ITR