LLP Annual Filing
Limited Liability Partnership return filings should be done systematically for sustaining tractability and for evasion of immense retribution beneath the law for non-compliances.
Annual Compliances are important for the perpetual continuation of the LLP
Annual filings are important even for the dormant LLP. LLP do not need to audit their books of accounts apart from if the turnover is more than INR 40 lac or if the capital is more than INR 25 lac.
It is mandatory for every LLP to file Annual Return (Form 11) and Balance Sheet (Form 8) under LLP Act and Income Tax Return (ITR) with the Income Tax Department every year whether the LLP does business or not.
LLP Annual Compliance requirements are based on the date of registration of LLP.
I. LLP registered on or before 30th September 2022
Each LLP registered on or before 30th September 2022 has to file Annual Return filings (Form 11), Statement of Accounts (Form 8) and Income Tax Returns for the year ended 31st March 2023.
Also, the appointed partners of each LLP registered on or before 31st March 2023 have to file DIN KYC for the year 2022-2023.
II. LLP registered between 1st October 2022 to 31st March 2023
Each LLP registered between 1st October 2020 to 31st March 2021 has to file Income Tax Return for the year ended 31st March 2021.
LLP Annual Filing Calendar 2023
1. Registrar of Companies
A. Annual Return filings (Form 11):
Every LLP shall file an annual return in Form 11 within 60 days of closure of a financial year. The Annual Return contains details of LLP Registered office address, details of partners, details of designated partners, LLP contribution profit sharing ratio etc.
B. Balance Sheet (Form 8):
Every LLP has to maintain books of accounts as per double entry system of accounting and has to prepare a Statement of Accounts and Solvency (Accounts) every year ending on 31st March and shall file the same in Form 8 with the Registrar, within 30 days from the end of six months of the financial year.
C. DIN KYC Filing (Form DIR3-eKYC):
Every Designated Partner of an LLP will have a Directors Identification Number (DIN) allotted by the Ministry of Corporate Affairs (MCA). A person, who holds a DIN allotted on or before 31.03.2021 (LLP registered on or before 31.03.2021) has to file DIN KYC for the year 2023-2023 on before 30th September 2023.
Return | Due date | Penalty |
LLP Annual Return (Form 11) | 30 May 2023 | 2, 4, 6, 10, 15, 25 Time’s of Normal Filing Fee Applicable based of Number of Days Delay for Small LLP’s |
LLP Statement of Account & Solvency (Form 8) | 30 October 2023 | |
DIN KYC for Partners.(Form DIR3-KYC) | 30 September 2023 | Rs.5000. Per partner |
2. Income Tax Department
An LLP has to close its financial year as on 31st March every year(as per Income Tax Act). and has to file the returns with the Income Tax Department before the due date for filing Income Tax Return. If the annual turnover of an LLP is more than 100 lakhs rupees, the accounts have to be audited by a Chartered Accountant as required under Income Tax Act.
Criteria | Due Date | Penalty |
If LLP Accounts is NOT required to be audited | 31 July 2023 | Penalty in the range of Rs.1000 to Rs.10000 depends on turnover and date of filing along with Interest. |
If LLP Accounts is required to be audited | 30 September 2023 |
Documents required for Filing :
- Bank account statement for the financial year (April 1st to March 31st).
- Invoices/ Bills of Sales and purchases for the financial year.
- Bills /invoices incurred during the financial year.
- TDS, GST, and other tax returns, if applicable.
- Copies of TDS challans if applicable.
Pricing: Rs. 7999/-
This Plan Includes:
- DIN KYC
- LLP Form 11
- LLP Form 8
- Income Tax Return
- Book-keeping & Final Accounts up to 100 Entries