LLP Annual Return Filing

Online filing of Form 11, 8 & ITR

Every LLP registered in India must submit the ROC Annual Return and file the Income Tax Return for the LLP. Filing of Form 11 (Annual Return of LLP) and Form 8 (LLP Financial Statement) with the ROC is mandatory. Setindiabiz provides cost-effective and timely LLP annual compliance filing services.

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We are a professional consulting firm specialising in company registration, taxation, accounting, payroll, compliance, and intellectual property rights (IPR) services to assist new and existing businesses in India. We provide our professional services at a reasonable fee, explaining the eligibility, process, and documents required for setting up and maintaining a business. We also prepare and file necessary applications with relevant government agencies such as the Registrar of Companies (ROC) and the Income Tax Department. We do not directly provide government documents or represent ourselves as a government agency.

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Cost of LLP Annual Compliance

(Form small LLP upto 10 Lakhs Turnover)

LLP Annual Return (ROC)

The LLP must file an online annual return in Form 11 with the ROC to report details of the LLP and its changes during the last year. Form 11 applies to every LLP incorporated on or after 30 September last year.

Service Inclusion

LLP Income Tax Return (ITR)

The Income Tax Return filing is applicable to every LLP incorporated on or before the 31st March of the preceding financial year. The ITR is applicable even if the LLP has no business and is at a loss.

Service Inclusion

Financial Statement Filing (ROC)

The signed financial statement of the LLP is filed to the ROC along with a declaration of solvency in Form 8. The LLP incorporated on or before 30th September last year has to file Form 8

Service Inclusion

LLP Annual Compliance - Everything You Need To Know

A Limited Liability Partnership (LLP) is a legal entity regulated under the LLP Act 2008. LLPs are, therefore, required to file annual returns to the Registrar of Companies (ROC) after the end of every financial year. The LLP must also file an Income Tax Return (ITR) for the LLP under the Income Tax Act on or before the due dates. Setindiabiz offers services to file the LLP Annual Returns at a reasonable charge and ensure accurate and timely filing. Our compliance advisors are readily available to assist you with your questions.

LLP Annual Compliance

Preparation of Financial Statement

Audit (Depends on Capital/Turnover)

Form 11: Annual Return to the ROC

Form 8: Financial Return to ROC

Income Tax Return (ITR)

Play Video about LLP Annual Compliances for 2023-24

Due Dates of LLP Annual Return & ITR

LLP ITR Due Date: The due date for filing the income tax return (ITR) for the LLP is fixed on or before 31 July after the end of the financial year. For example, the due date to file the LLP ITR for FY 2023-24 is 31 July 2024. The LLP and their designated partners are advised to file the ITR well before its due date to avoid glitches in the income tax department server load time.

ROC Return Due Date: The LLP must file two returns with the ROC, the annual return in Form 11, for which the due date is 30th May following the end of the financial year. The financial statement of the LLP is filed in another return in Form 8, on or before 30 October, with the signed financial statement and a declaration of LLP Solvency.

Due Date for the LLP Annual Return (FY 2023-24)

No.	Name of Return	Due Date for FY 2023-24	Incorporated on or Before 30th September 2023	Incorporated on or After 1st October 2023
1.	Form -11	30 May 2024	Mandatory	Optional
2.	Income Tax Return	31 July 2024	Mandatory	Mandatory
3.	Form -8	30 October 2024	Mandatory	Optional

Note: In addition to the common compliances mentioned above, an LLP may also need to get its books audited under the LLP Act, Income Tax Act, or GST Laws. The audit requirement depends on factors like the LLP’s capital, annual turnover, and nature of business. We recommend reaching out to us for a free consultation!

Step-Wise Process of LLP Annual Return Filing

The annual return filing for the LLP is mandatory for every LLP incorporated during the previous financial year. For instance, the LLP incorporated on or before 31 March 2024 is required to file its annual returns during FY 2024-25 within the prescribed due dates. Team setindiabiz is here to assist. The following are the steps required to file the annual return for the LLP.

STEP

Determine ROC Returns Applicability

Annual compliance of the LLP comprises filing the ITR for the LLP and the ROC Returns in the prescribed Form 11 and Form 8 on or before its due date of filing. The ITR Filing is, though, applicable for all the LLPs that were incorporated on or before the 31st of March 2024. However, to determine the applicability of the ROC Annual Return, the date of incorporation must be referred to. Please note that if the LLP is incorporated on or after the 1st of October during the last financial year, filing the ROC Return would be optional for the first financial year.

STEP

Verify Validity Of Designated Partners' Digital Signatures

The LLP’s annual returns are filed with digital authentication using one digital signature of the designated partners. Therefore, it is strongly advisable to check the validity of the digital signature well before the due date to ensure timely filing. Click Renew the Digital Signature to place an online order. The digital signature is required for filing the LLP ITR and ROC Form 11 & 8.

STEP

Prepare the financial statement of the LLP

Accounting & preparation of the LLP financial statement is a prerequisite to filing the LLP ITR or ROC annual returns. You may avail of our Virtual CFO Services for comprehensive accounting and tax filing for your LLP. The first step should be to obtain a bank statement and identify the transaction to record it in the accounting software. Our experienced team of accountants can help you do accounting and prepare the financial statement for your LLP.

STEP

Statutory Audit of the LLP

Though the statutory audit of the financial statement of the LLP is not mandatory for a small LLP that has a capital up to Rs 25 Lakhs and where the turnover does not exceed Rs 40 Lakhs during the financial year, it is advisable to get the books audited to ensure the accuracy of the statutory reporting. For the LLP that requires a statutory audit, we can help find a suitable practising chartered accountant on behalf of the LLP to conduct the audit.

STEP

Filing of Form -11 (Annual Return of the LLP)

The annual return of the LLP is then filed in Form -11 to the Registrar of Companies, wherein the details of all the changes that have taken place during the previous financial year are reported or filed online on the MCA portal with the digital signature of the designated partners. The last date to file form 11 is 30th May 2024 for the FY 2023-24

STEP

Filing of Income Tax Return (ITR) of the LLP

The details of the taxable income and the income tax paid by the LLP are filed with the income tax department in the form of an income tax return (ITR) for the previous financial year. The LLP ITR is filed online at the Income Tax Portal in the prescribed form ITR-5 on or before its due date of 31st July. For FY 2023-24, a Limited Liability Partnership firm must file its ITR before 31st July 2024 without waiting for the last date of its filing.

STEP

Filing of the Financial Statement in Form 8

The LLP is required to file the Statement of Accounts & Solvency in the prescribed Form 8 on or before the 30th of October following the financial year.

What is Form 11 (Annual Return of LLP)

Under the LLP Act, 2008, every LLP incorporated in India is required to file an annual return with the ROC in the online form 11 with digital authentication. The process of filing Form 11 is completely Online. Form 11 needs to be filed within 60 days of the closure of the financial year, i.e., by 30th May of each year for the preceding financial year. This annual filing obligation is mandatory for all LLPs, regardless of business transactions, turnover, or activities. However, for newly incorporated LLPs which was in existence for less than 180 days in the preceding financial year, For example, for the LLPs incorporated between 1st October 2023 and 31st March 2024, the filing of Form 11 would be optional.

The purpose of filing the LLP Form -11 to the ROC is to report any significant changes that have taken place in the LLP during the preceding financial year. The important changes that need to be reported in Form 11 are the details of partners, capital contribution, notices received, or any penalty paid by the LLP. The prescribed government fee is Rs. 50 Only if the same is filed within its due date.

Overview of Form 11 for FY 2023-24

Incorporation Date	Applicability
On or Before 30 Sep 2023	Mandatory
On or After 1st Oct 2024	Optional

Within 60 Days of the closure of the financial year (30 May 2024)

Online at www.mca.gov.in

See the table below for both Form 11 & Form 8

What is Form 8 for LLP?

All LLPs, irrespective of their turnover or business activity, have to file the Statement of Account & Solvency of the LLP in Form 8 on or before its due date of filing, i.e., 30th October for the preceding financial year. The purpose of Form 8 is to report the financial statement of the LLP and a declaration that the LLP is solvent and can meet its liabilities. The designated partners are responsible under the law to prepare the financial statement for the LLP.

As no specific format is prescribed under the LLP Act, the guidelines framed by the Institute of Chartered Accountants of India (ICAI) should be adhered to for the purpose of preparing the financial statement of the LLP. At least two designated partners and the auditor, in case the statutory audit is applicable to the LLP, should sign the financial statement.

Statutory Audit of LLP: The statutory audit from a full-time practising chartered account is necessary when the capital of the LLP is more than ₹25,00,000 or the annual turnover for the financial year exceeds ₹40,00,000. In the case of small companies, the audit is optional.

Overview of Form 8 for FY 2023-24

Incorporation Date	Applicability
On or Before 30 Sep 2023	Mandatory
On or After 1st Oct 2024	Optional

30th October

Online at www.mca.gov.in

Refer to the below section for the ROC Filing fee & Late Filing Fee

ROC Filing Fee for Form 11 or/and Form 8

The LLPs are expected to file their annual returns to the ROC within its due date; Setindiabiz assists in the preparation and timely filing of all the annual compliance filing for the LLP. The table below provides the standard ROC filing fee for the LLP relating to the filing of Forms 11 and 8, which depends on the capital contribution of the LLP.

SL. No	Contribution Amount (INR)	Normal Filing Fee
1.	Upto ₹1,00,000	₹50
2.	More than ₹1,00,000 upto ₹5,00,000	₹100
3.	More than ₹5,00,000 upto ₹10,00,000	₹150
4.	More than ₹10,00,000 upto ₹25,00,000	₹200
5.	More than ₹25,00,000 upto ₹100,00,000	₹400
6.	More than ₹100,00,000	₹600

Late Filing With Additional Fee

In case the LLP cannot file the annual return in Form 11 or the financial statement in Form 8, it can still be submitted with an additional fee, as per the table below, which calculates the additional fee as The number of times of the normal filing fee, to be paid for late filing based on the number of days of delay and the type of the LLP.

SL. No	Period of Delay	Small LLP	Other than Small LLP
1.	Upto 15 Days	1 Times	1 Times
2.	More than 15 to 30 Days	2 Times	4 Times
3.	More than 30 to 60 Days	4 Times	8 Times
4.	More than 60 to 90 Days	6 Times	12 Times
5.	More than 90 to 180 Days	10 Times	20 Times
6.	More than 180 to 360 Days	15 Times	30 Times
7.	Beyond 360 Days	15 Times Plus ₹10 for each day of further delay beyond 360 days	30 Times Plus ₹20 for each day of further delay beyond 360 days

What is a Small LLP

The concept of the Small LLP was introduced to give relaxation to smaller LLPs. There are two conditions to qualify to be considered as a Small LLP. If an LLP breaches any of the conditions, then the status of a small LLP will not be available. The current limit for the purpose of small LLP is as follows.

SL. No	Criteria	Qualifying Limit
1.	Capital of LLP	Not Exceeding ₹25,00,000
2.	Turnover of LLP	Not Exceeding ₹40,00,000

Note: The central government can Further extend the conditions of capital from ₹25 lakhs to ₹5 Crore and Turnover up to ₹50 Crore by issuing necessary notification, with or without such terms or conditions as may be prescribed.

Income Tax Return (ITR) of the LLP

As per the Income Tax Act, an LLP is a taxable entity and is treated similarly to a partnership firm. The Income Tax Return (ITR) filing for the assessment year 2024-25 is due and obligatory for all LLPs established on or before 31st March 2024 (FY 2023-24). The last date to file the LLP ITR is 30th July 2024 for FY 2023-24. The following steps detail the process required for filing your LLP’s ITR

Financial Statement

The LLP accounting process is the first step in preparing financial statements. While finalising the Books, it’s essential to follow the provisions of the LLP Act and the Income Tax Act of 1961.

Income tax Computation

Computation of tax payable is a process that determines the income tax liability of the LLP after considering the applicable provisions of the Income Tax Act. The due tax is paid through Challan Number 280

Filing of LLP ITR

The LLP’s income tax return (ITR) is digitally filed on the income tax portal after the due taxes are paid. The ITR can be submitted using the digital signature of any designated partner or via Aadhaar OTP-based authentication.

Frequently Asked Questions

1. What is LLP Annual Compliance?

LLP Annual Compliance refers to mandatory yearly filings before the office of the Registrar of Companies (ROC) and ITR by the Limited Liability Partnerships.

2. What is Form 11 in LLP Annual Compliance?

Form 11 is an annual return that LLPs must file with the ROC within 60 days of the end of the financial year. It reports significant LLP changes, such as partner or registered address changes.

3. What is Form 8 in LLP Annual Compliance?

Form 8 is an annual filing where LLPs declare their financial standing and solvency to the ROC. This includes vital financial information and a declaration under the MSME Act.

4. What is the due date for filing Form 11?

The due date for filing Form 11 is 60 days from the end of the financial year. For LLPs incorporated during the financial year or before, the due date for Form 11 filing is 30th May of the subsequent year.

5. When is Form 8 due?

Form 8 must be filed within 30 days from the end of six months of the financial year. For FY 2023-24, the last date would be 30th October 2024.

6. What is the importance of ITR filing for LLPs?

The Income Tax Return (ITR) is essential to LLP Annual Compliance. It helps the Income Tax Department assess the LLP’s tax liability based on its income during the financial year.

7. What happens if LLP Annual Compliance is not maintained?

Non-compliance with LLP Annual filings can lead to heavy fines and penalties and in some cases, may lead to LLP dissolution.

8. What is the penalty for late filing of Form 11 or Form 8?

For late filing, an additional fee is imposed based on the number of days of delay. We have provided for the table to compute the additional fee above.

9. Are all LLPs required to file an annual return?

Yes, all LLPs, irrespective of their turnover or activities, must file an annual return. However, applicability may differ based on the date of incorporation.

10. What information is reported in Form 11 and Form 8?

Form 11 reports significant changes in the LLP, while Form 8 declares the LLP’s financial standing and solvency to the ROC.

11. Are there any audits applicable to LLPs?

Yes, depending on factors such as the LLP’s capital, annual turnover, and business nature, it may be subject to audits under the LLP Act, Income Tax Act, or GST Laws.

12. Who can file Form 11 and Form 8 for LLP?

The designated partners are jointly and severally responsible for filing Form 11 and Form 8.

13. What is the process for LLP Annual Compliance?

The process involves checking the applicability of ROC Returns or ITR filing, verifying the validity of digital signatures, obtaining complete bank statements, reconciling books, and confirming balances.

14. What is the ITR due date for LLPs?

The ITR filing due date for LLPs is generally 31st July of the Assessment Year unless audit provisions apply, in which case it’s 30th September.

15. Is the LLP required to file ITR if it does not have any income?

Yes, an LLP must file an ITR even if it has no income during the financial year. Non-compliance can result in penalties.

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LLP Annual Return Filing

Online filing of Form 11, 8 & ITR

IMPORTANT DISCLAIMER

Are you a Professional?

Cost of LLP Annual Compliance

LLP Annual Compliance - Everything You Need To Know

LLP Annual Compliance

Preparation of Financial Statement

Audit (Depends on Capital/Turnover)

Form 11: Annual Return to the ROC

Form 8: Financial Return to ROC

Income Tax Return (ITR)

Due Dates of LLP Annual Return & ITR

Due Date for the LLP Annual Return (FY 2023-24)

Step-Wise Process of LLP Annual Return Filing

Determine ROC Returns Applicability

Verify Validity Of Designated Partners' Digital Signatures

Prepare the financial statement of the LLP

Statutory Audit of the LLP

Filing of Form -11 (Annual Return of the LLP)

Filing of Income Tax Return (ITR) of the LLP

Filing of the Financial Statement in Form 8

What is Form 11 (Annual Return of LLP)

Overview of Form 11 for FY 2023-24

What is Form 8 for LLP?

Overview of Form 8 for FY 2023-24

ROC Filing Fee for Form 11 or/and Form 8

Late Filing With Additional Fee

What is a Small LLP

Income Tax Return (ITR) of the LLP

Financial Statement

Income tax Computation

Filing of LLP ITR

Frequently Asked Questions

1. What is LLP Annual Compliance?

2. What is Form 11 in LLP Annual Compliance?

3. What is Form 8 in LLP Annual Compliance?

4. What is the due date for filing Form 11?

5. When is Form 8 due?

6. What is the importance of ITR filing for LLPs?

7. What happens if LLP Annual Compliance is not maintained?

8. What is the penalty for late filing of Form 11 or Form 8?

9. Are all LLPs required to file an annual return?

10. What information is reported in Form 11 and Form 8?

11. Are there any audits applicable to LLPs?

12. Who can file Form 11 and Form 8 for LLP?

13. What is the process for LLP Annual Compliance?

14. What is the ITR due date for LLPs?

15. Is the LLP required to file ITR if it does not have any income?

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