A Pvt.Ltd Company Offers Limited Liability and Independent Legal Status.
LLP Annual & ROC Compliance refers to the yearly filings that every Limited Liability Partnership must submit to the Registrar of Companies. It includes statements of accounts, solvency, and annual returns to ensure legal compliance and smooth functioning of the LLP.
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A Limited Liability Partnership (LLP), regulated by the Limited Liability Partnership Act, 2008, is a popular business structure in India because of its flexibility, limited liability for partners, and fewer compliance requirements compared to companies. However, LLPs are still required to follow certain annual compliance regulations to avoid penalties and stay in good standing with authorities like the Registrar of Companies (ROC) and the Income Tax Department.
This guide covers all the essential annual compliance requirements for LLPs in India in a simple and easy-to-understand manner.
- Importance of Compliance for LLPs
- Annual Compliance Requirements for LLP
- Key Compliance Forms
- LLP Event-Based Compliance (Short Form)
- Penalties for Non-Compliance
- Important Forms for LLP Compliance
- Key Dates for LLP Annual Compliance
Form 8 – Statement of Account & Solvency → By 30th Oct.
ITR Filing –
31st July (if no audit).
30th Sept (if audit required).
Tax Audit – If turnover > ₹40L OR contribution > ₹25L → Report with ITR (by 30th Sept).
DIR-3 KYC – Designated Partner KYC → By 30th Sept.
Books of Accounts – Maintain on cash/accrual basis → Preserve for 8 years.
Form 8: Statement of account and solvency - declares the financial position of the LLP.
Form ITR-5: Income tax return specifically for LLPs.
Form DIR-3 KYC: Annual KYC compliance for designated partners.
Change in Registered Office → Form 15 → Within 30 days.
Form 11 and Form 8 Late Fees: Non-compliance results in a penalty of ₹100 per day for each form, until the forms are submitted.
Income Tax Return Late Fees: Failure to file the income tax return by the due date can result in a penalty of up to ₹10,000.
LLP Strike-Off: Repeated non-compliance may lead to the LLP being struck off from the ROC's register, which can cause legal and operational issues.
Form 8: Statement of account and solvency
Form 4: Notice of change in LLP partners
Form 15: Notice of change in LLP's registered office
July 31: Filing of Income Tax Return (if audit not required)
September 30: Filing of Income Tax Return (if audit required) and DIR-3 KYC for designated partners
October 30: Filing of Form 8 (Statement of Account & Solvency)
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