Shweta Saboo & Co.

LLP Compliance

A Limited Liability Partnership (LLP), though offering operational flexibility and limited liability benefits, must comply with certain statutory requirements annually under the LLP Act, 2008 and Income Tax Act.

Even if an LLP is inactive or has no turnover, it must still fulfill basic compliance obligations such as annual return filings, statement of accounts and solvency, and income tax return filing to avoid penalties and preserve active legal status.

Our LLP Compliance services ensure that your LLP meets all regulatory deadlines accurately and smoothly — helping you avoid hefty late filing fees, penalties, and disqualification risks, while maintaining your firm's corporate credibility.

Key Features

Annual Return Filing (Form 11)

Preparation and filing of Form 11 containing LLP details, partner changes, and current operational status with ROC.

Statement of Accounts (Form 8)

Preparation and filing of LLP’s financial statements and solvency declarations annually with ROC.

Income Tax Return (ITR-5)

Filing of income tax returns for LLPs, including both operational and dormant entities under ITR-5.

Event-Based Filings

Filing and documentation support for addition/removal of partners, office address change, and LLP agreement amendments.

Maintenance of Statutory Records

Assistance in maintaining books of accounts, partner registers, and compliance documentation as mandated.

Audit Support (If Applicable)

Guidance and preparation for audit under the Income Tax Act if turnover exceeds ₹1 crore or contribution exceeds ₹25 lakh.

Penalty Avoidance

Ensure timely filings to avoid hefty penalties like ₹100 per day for non-compliance under LLP Act regulations.

Expert Advisory

Personalized compliance calendar planning and proactive reminders to ensure LLP regulatory deadlines are never missed.

Information Checklist

To complete LLP compliances effectively, the following documents and details are typically required:

LLP Basic Details:

Certificate of Incorporation
LLP Agreement and any supplementary agreements
PAN of LLP
Registered Office Address

Partner Details:

PAN and Aadhaar of Partners
Contribution details of each Partner
Changes in partners (if any)

Financial Records:

Profit & Loss Statement
Balance Sheet
Bank Statements
Details of Loans, Advances, and Capital Contributions

Taxation Details:

Form 26AS (Tax Credit Statement)
TDS Returns (if applicable)
GST Returns (if registered)
Previous Year's ITR copy

Event-Based Compliance (if any):

Resolutions for changes in LLP Agreement
Proof of Registered Office Change
Forms related to addition/removal of Partners (Form 3, Form 4)

FAQs

What are the mandatory annual compliances for an LLP?

The mandatory compliances include filing of Form 11 (Annual Return), Form 8 (Statement of Accounts and Solvency), and Income Tax Return (ITR-5) annually.

Is ROC filing mandatory for LLPs even with no business activity?

Yes, LLPs must file Form 11 and Form 8 every year irrespective of turnover or business activity. Non-filing attracts heavy penalties.

When should Form 11 be filed for an LLP?

Form 11 (Annual Return) must be filed within 60 days from the closure of the financial year, i.e., by **30th May** every year.

When should Form 8 be filed for an LLP?

Form 8 (Statement of Accounts and Solvency) must be filed within 30 days from the end of six months of the financial year, i.e., by **30th October** each year.

What are the penalties for non-compliance by an LLP?

A penalty of ₹100 per day per form is levied for delayed filings with no maximum limit, which can lead to a significant financial burden.

Does an LLP need to get its accounts audited?

Audit is mandatory if the LLP’s annual turnover exceeds ₹40 lakh or if the capital contribution exceeds ₹25 lakh during the financial year.

Is income tax return filing compulsory for an LLP?

Yes, LLPs must file an income tax return (ITR-5) every year, even if they have no income or have incurred losses.

Can you assist with amendments to the LLP Agreement?

Yes, we help draft supplementary agreements and file the necessary forms (Form 3, Form 4) for any changes to the LLP Agreement or Partner structure.

Can LLPs be struck off if they fail to comply?

Yes, continued non-compliance may lead to the Registrar initiating strike-off proceedings against the LLP under Section 75 of the LLP Act, 2008.

Do you provide reminder services for LLP compliance deadlines?

Yes, we offer compliance calendar management and timely reminders so you never miss a due date for your LLP filings.