DIR-3-KYC



LLP Annual Filing

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. Unlike Companies, LLPs mandatorily have to maintain their financial year, as April 1st to March 31st. Therefore, LLP annual return is due on May 30th and the Statement of Account & Solvency is due on October 30th of each financial year. In addition to the MCA annual return, LLPs must also mandatorily file income tax return every year.

LLP Form 11

Form 11 contains details of the number of partners, total number of partners, total contribution received by all partners, details of body corporate as partners and summary of partners. All LLPs should file this form within 60 days from the closure of the financial year with the prescribed fee. Hence, the due date for filing LLP Form 11 is 30th of May each year.

LLP Form 8

Form 8 must be filed within 30 days from the end of 6 months of the financial year along with some prescribed fee. This must be digitally signed by 2 designated partners and it must be certified by a chartered accountant/company secretary/cost accountant. Form 8 has contains Statement of Solvency, Statement of Accounts and Statement of Income & Expenditure.

LLP Tax Audit

LLPs are separate legal entities. Therefore, it is the responsibility of the Designated Partners to maintain proper book of accounts and file annual return with the MCA each financial year. LLPs are not required to audit its accounts unless the annual turnover exceeds Rs.40 lakhs or if the contribution exceeds Rs.25 lakhs.

Income Tax Return Filing

LLPs must file income tax return using Form ITR 5. Form ITR 5 can be filed online through the income tax website using the digital signature of the designated partner. The deadline for LLP tax filing in India is July 31st if tax audit is not required. LLP whose turnover exceeded Rs. 40 Lakh or whose contribution exceeded Rs. 25 Lakh are required to get their accounts audited by a practising Chartered Accountant. The deadline for tax filing for LLP required to obtain audit is September 30th



Registered FAQ

What Forms to be filed for ROC Return?
LP need to file two eForms every year. Form 11 for Annual Return of the LLP and Form 8 for the Statement of Accounts.
What is LLP Annual Filing due date?
Due date for filing Form 11 is the 30th May of each year and due date for filing of Form 8 is the 30th October of evry year.
.Who is responsible to file LLP ROC Return?
The Designated Partners of the LLP are responsible to file LLP ROC Return.
What is LLP Return Filing fees and charges?
Filing Fees for Form 11 is Rs. 50 and Filing Fees for Form 8 is Rs. 50.
What is Penalty for late filing of LLP return?
Penalty fees of Rs.100 per day is charged for from the date of delay till the Form is filed with the ROC.
The Penalty works out to be very expensive, hence Partners are advised to file the yearly forms in time.
6.How to calculate Penalty for late filing of LLP Annual filing?
Form 11 Penalty is Rs 100 x No of days after 30th May till the date of filing the Form.
Form 8 Penalty is Rs 100 x No of days after 30th October till the date of filing the Form.
7. Is there any chance of waiver of penalty for non filing of Form 11 & Form 8?
No, there is no provision for waiver of penalty. In last 6-7 years the MCA has not announced any waiver or amnesty scheme.