Compliances by LLP
If you're reading this, chances are you’ve either already set up a Limited Liability Partnership (LLP) in India, or you’re considering one—and you’ve heard whispers about annual compliance. Let’s clear the air and make it crystal clear: LLP annual compliance is not just a formality. It's your golden ticket to staying legit, tax-efficient, and penalty-free.
In this blog, we’re cutting through the jargon, breaking down exactly what compliance means for LLPs, why it matters more than ever in 2025, and how you can stay ahead of the game (without losing sleep over it).
First Things First: What Is an LLP?
A Limited Liability Partnership (LLP) is a unique blend of a partnership and a company. It gives you the flexibility of a partnership with the limited liability benefits of a company. Sounds like a dream, right? It is—as long as you stay compliant.
Why Annual Compliance Is a Big Deal for LLPs in India
Let’s be honest—no one starts a business to fill out government forms. But here’s the kicker:
Missing LLP compliance deadlines can cost you ₹100 per day per form, and yes, there's no cap!
Now, that’s a hole no one wants to burn in their wallet. But it’s not just about penalties. Being compliant:
✅ Builds trust with investors and clients
✅ Keeps your LLP active and in good legal standing
✅ Helps you avoid disqualification of partners
✅ Makes future funding and loans easier to secure
The Essential LLP Annual Compliance Checklist for FY 2024-25
Here’s a simple, no-fluff breakdown of what you must file every year:
1. Form 11 – Annual Return of LLP
Due Date:30th May of every year
What’s in it? Partner details, capital contribution, and a summary of LLP’s affairs.
2. Form 8 – Statement of Account & Solvency
Due Date:30th October of every year
Includes: Financial performance, profit & loss, balance sheet, and solvency declaration.
Must be certified by a Chartered Accountant if turnover exceeds ₹40 lakhs or capital is above ₹25 lakhs.
3. Income Tax Return (ITR-5)
Due Date:31st July (if audit not required); 31st October (if audit is required)
LLPs must file ITR even if they’ve had no income or activity during the year!
4. Tax Audit (If Applicable)
Required if turnover exceeds ₹1 crore (business) or ₹50 lakhs (profession).
Conducted under Section 44AB of the Income Tax Act.
What Happens If You Ignore LLP Compliance?
Let’s paint a picture—your LLP hasn’t filed Form 11 or 8. You’re now being charged ₹100 per day per form. The months go by and you’re looking at a penalty of ₹30,000 or more. Not to mention:
🚫 You can't close the LLP until all filings are up to date.
🚫 You might be blacklisted as a non-compliant business.
🚫 ROC may strike off your LLP from the register.
Scary? It should be. But totally avoidable.
LLP vs Pvt Ltd: Is Compliance Really Easier?
Here’s a truth bomb: Yes, LLPs do enjoy a simpler compliance structure compared to Pvt Ltd companies. No board meetings, no auditor appointments, and less paperwork. But less doesn’t mean none. The government expects you to meet your minimum annual filings.
Pro Tip: Get a Compliance Partner, Not Just a Service
If you're running a business, chances are you're juggling clients, sales, team issues—and probably a million other things. Do you really want to worry about which MCA form is due when?
That's where we come in.
📣 We don’t just file your forms—we handle your entire LLP compliance journey from start to finish. Reminders, documentation, expert advice, and timely filings—we’ve got your back. Let us help you stay penalty-free and peace-full!
Stay compliant. Stay confident.
Your LLP deserves it.