Annual Filing for LLP in India: Complete Guide for 2026 The running of a Limited Liability Partnership (LLP) in India provides flexibility, tax benefits, as well as protection against personal liability. However, to maintain these benefits without running into any issues with the law, all LLPs need to comply with annual filing for LLP laws. Business owners who have an LLP often believe the compliance is minimal. But not filing or filing late may result in heavy fines and/or legal proceedings.
Required to file Annual Financial Accounts for your Limited Liability Partnership (LLP) Yes, any Limited Liability Partnership (LLP), whether or not engaged in any operations during the previous fiscal year, must file annual financial accounts. Unlike traditional partnerships, Limited Liability Partnerships (LLPs) must comply with the Limited Liability Partnership Act, 2008, and must adhere to strict annual reporting requirements as outlined by law. Each year, a Limited Liability Partnership (LLP) must file two different forms: (Form 8) Statement of Account and Solvency The LLP's financial position is what the LLP Statement of Account and Solvency (Form 8) represents. It consists of: ● ● ● ●
Financial position of the LLP, including: Balances of all accounts Profit and loss statement A statement of solvency
Form 8 must be digitally signed by designated Partners and certified by a Chartered Accountant, Company Secretary, or Cost Accountant. (Form 11) Annual Return The Annual Return (Form 11) has information regarding: ● ● ● ●
Partners and their contributions The management structure of the LLP Total number of Partners The compliance of the LLP
Even if the LLP does not have any turnover or any transactions, filling out these forms is mandatory. Failure to file these forms will incur penalties and the legal standing of your LLP may be jeopardised. Due Dates for Filing LL Partnerships’ Annual Return Timeliness is the key to avoiding penalties. Below are the standard due dates: - Form 11 (Annual Return) - Due 30 May each year. This Form will outline the Partner and Management structure of the LLP. - Form 8 (Statement of Account and Solvency) - Due 30 October each year. It contains Financial Information for the LLP. Income Tax Returns (ITR) In addition to MCA filings, LLPs must also file ITRs by the following deadlines: - 30 July (if audit not required) - 30 September (if audit is required) If you miss these deadlines, you will incur late fees of ₹100.00 per day, with no maximum.
Compliance requirements for Limited Liability Partnerships (LLPs) The compliance requirements for LLPs are much easier than those for private limited companies; however, you still must file several different forms. The major compliance obligations include: ● ● ● ● ● ●
Annual MCA filings Form 11 — Annual Return Form 8 — Statement of Accounts and Solvency Income Tax Return Every LLP must file an ITR regardless of turnover/profit. Audit Requirement
An LLP must have its accounts audited if: ● The turnover is over ₹40 lakh, or ● The capital contributed (at any time) is over ₹25 lakh. Event-Based Filings: These must occur when there are certain changes to: ● Partners
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LLP agreement Registered office Name Not complying with the above can lead to fines, disqualification of partners, and legal repercussions.
Advantages of Annual Filing as an LLP Many business owners feel HMRC’s compliance to be burdensome; however, LLP annual filings provide several strategic advantages if completed on time. Avoid Heavy penalties: Each LLP form filed after the due date will incur a late fee of ₹100 per form, per day. By complying with these forms and filing on time, you will not incur any penalties. Maintains legal status: An LLP, which has filed all forms regularly, will continue to be shown as active and compliant in government records. This is essential for receiving contracts from new clients, obtaining funding, and expanding operations. Creates credibility: Before granting loans/investing in businesses, many banks and other lenders check the MCA records for a business; if the records demonstrate more than one annual filing/return, it will provide added credibility for the business. Business Operations Are Seamless Having your LLP regularly file its returns will allow you to: ● ● ● ●
Open a bank account Apply for loans Participate in tenders Raise capital from investors
Financial Discipline Is Better Having prepared an LLP’s Annual Accounts will enable you to see how much you have exceeded in expenses and profits compared to what you owe (liabilities).
Why Should I Choose Kanakkupillai For The Filing Of Annual Returns To An LLP? At Kanakkupillai, we know that Business Owners want to have easy-to-use, reliable, and low-cost compliance solutions. That is why we provide annual filing services for LLPs to make your filings to the government as simple as possible so that you can spend more time on growing your business.
What Makes Kanakkupillai Different? ✔ ✔ ✔ ✔ ✔ ✔
Total Compliance Support Experts Assist You 100% Accuracy Guaranteed Affordable Rates Timely Alerts Always Available to Help
Conclusion Filing your LLP’s annual returns is not just a legal requirement. It is the foundation for establishing a credible and sustainable business. If you’re not making a monthly or quarterly filing, you’re probably making it difficult for your firm (and yourself) to succeed.
