LLPs in India must file its Annual Return within 60 days from the end of close of financial year and Statement of Account & Solvency within 30 days from end of six months of close of financial year. For a Limited Liability Partnership (LLP), the returns should be filed periodically for maintaining compliance and escape heavy penalty under the law for non-compliance. A Limited Liability Partnership has only few compliances to be followed every year which is amazingly low as compared to the compliance requirements placed on the private limited companies. However, the fines seem to be quite large.

Limited Liability Partnerships are not required to audit their books of account except where their annual turnover is more than INR 40 lakhs or if the contribution is more than INR 25 lakh. Hence, an LLP is not required to get their books of account audited if it fulfils the above-mentioned condition, making the process of annual filing simpler.

LLP Form 11: (Annual Return)

Annual Returns are to be filed in the prescribed Form-11. This form is considered as the summary of management affairs of LLP, like numbers of partners along with their names. Moreover, the form 11 has to be file by 30th May every year.

LLP Form 8: (Statements of Accounts and Solvency)

LLPs are required to have their books of accounts in place and fill in data with respect to the profit made, and other financial data in regards to business, and submit it in Form 8, every year.Form 8 must be attested by the signatures of the designated partners and should also be certified by a practicing chartered accountant or a practicing company secretary or a practicing cost accountant.The due date to file form 8 has to file by 30th October, every year.

Filing and Audit requirement under Income Tax Act:

Limited Liability Partnerships whose turnover is more than INR 40 lakh or whose contribution has exceeded INR 25 Lakh have to get the books of account audited by practicing Chartered Accountants. The due date to file the tax return for an LLP which is required to get his books audited is September 30th.For LLPs where tax audit is not required deadline, the due date for tax filing is July 31st.LLPs should file their income tax return in Form ITR 5. This form could be filed online via the income tax website with the help of the designated partner’s digital signature.

Amplus is a leading legal consultant, offers quick LLP Annual filling service in India. Amplus can help you to LLP Annual filling services. The average time taken to complete the filing of application is about 4 - 5 working days, subject to government processing time and client document submission.Get a free consultation for before and after the LLP Annual filling service. By filling up the above inquiry form you can speak to our expert advisor for the LLP Annual filling services.

The Annual filling service process is completely online, so you don't even have to leave your home to complete Annual filling of the LLP. At Amplus, we complete the LLP Annual Filling online within 4 - 5 working days.