There are many benefits to registering your business LLP Annual Filing in India: limited liability, less compliance, and flexibility. However, don’t become complacent. “Less” doesn’t equal “none”. An LLP must still file annual returns every financial year, just like any other registered business, to continue to comply and avoid penalties.
Whether you are a busy entrepreneur doing ten million things or a first-time LLP partner trying to figure out what to file and when, this article will be useful. We will keep it simple.
Why do LLPs Have to File Annual Returns?
Think of compliance filings as an annual physical examination for your business. It is how the Government of India can see that your LLP is active, transparent, and in compliance. Not complying with the annual filings won’t just get you penalties. You can get your LLP removed from the MCA register.
So no big deal, right? Once you figure out the what and when, nothing is complicated.
The Two Annual Documents Every LLP Must Submit
Unlike private limited companies, which submit many returns, an LLP must worry only about two forms:
1. Form 11 – Annual Return of LLP
This is a summary of basic information about your LLP, e.g., partner particulars and their contributions.
Due Date: May 30 every year
What it covers:
Names of all partners
Their contributions to the LLP
Declaration of solvency
Statement of assets and liabilities
Summary of income and expenditure
Even if your LLP did not conduct business in the year, Form 11 will still be due.
2. Form 8 – Statement of Account & Solvency
Although similar in name, this document only deals with your LLP’s financial information.
Due Date: October 30 every year
What it covers:
Balance Sheet
Profit & Loss Account
Disclosure of contingent liabilities (if any)
A declaration made by two designated partners confirming accuracy
Audit Requirements: If your LLP turnover exceeds ₹40 Lakhs or contribution exceeds ₹25 Lakhs, your accounts must be audited before submitting Form 8.
Income tax return (ITR) for LLPs
Every LLP must file an income tax return with the Income Tax Department, in addition to the MCA compliance.
Form Used: ITR-5
Due Dates:
Without an audit: July 31
With an audit: October 31
This return shows all your incomes, deductions, expenditures, and taxes owed for the year.
What happens if deadlines are missed?
Honestly, deadlines can sometimes slip through the cracks. With LLP filings, however, unfulfilled deadlines pile up very quickly!
Late Fee: ₹100 per day per form — with no upper limit!
This means that if you are 100 days late with Form 11 and Form 8, that’s ₹20,000.
How to File LLP Forms – Step by Step
Filing is carried out entirely online through the MCA portal. Here’s how:
✅ Step 1: Gather your documents
Books of Accounts
List of partners and contributions
PAN and DSC of designated partners
Audited financials (if applicable)
✅ Step 2: Log in to the MCA portal
Use your MCA credentials to log in.
✅ Step 3: Complete the forms
Download Form 11 or Form 8, complete offline (using the MCA utility), and upload.
✅ Step 4: Append Digital Signatures
Both Forms must be duly signed via a valid Digital Signature Certificate (DSC) of at least two appointed partners.
✅ Step 5: Pay the Filing Fees
The fees depend on the contribution — it is often anywhere between ₹50 to ₹600.
Common Mistakes
Thinking no turnover means no filing: No! You need to comply with filings, no matter what activity your business is conducting.
Using non-digital signatures: We only accept DSC. We do not accept scanned or manual signatures.
Entering the wrong partner details: ensure they match the registered details in MCA.
Delaying your audit (if applicable): Get it completed at an early stage if your financials are audited.
How Kanakkupillai Helps
Let’s be honest – no one starts a business to waste hours worrying about compliance. Kanakkupillai takes all the energy and hassle out of compliance for you – this can include document collection, filing the forms accurately, and on time.
We keep your LLP compliant with no stress involved.
Conclusion
LLP annual filings are a simple procedure – you just have to know the steps, and know the deadlines!
Mark these dates:
Form 11 – May 30
Form 8 – October 30
ITR – July 31 or October 31, or if you choose an audit
And if you ever feel uncertain, reach out! Getting a bit of help at the outset can prevent a larger headache later.
Need help with LLP annual filing?
Visit Kanakkupillai.com – your trusted compliance partner for businesses all over India.