LLP Annual Return
Annual Return of an LLP is a mandatory compliance requirement and is applicable to all the LLP which was incorporated during the previous financial year. However, newly incorporated LLP have been exempted from filing the ROC Returns. We can help you to understand the compliance requirements of LLP.
LLP Annual Return Filing 2023
For a startup starting their venture as LLP, the legal compliance and reporting requirement does not end at the incorporation of your LLP; instead, it begins from there. There are some other registrations like shops and establishment, professional tax, GST registration, activity-based licenses etc. is required. At the end of the financial year, the LLP has to file ITR and Form 11 & 8 to the ROC. We shall assist you with the regular compliance that a newly incorporated LLP has to do.
Applicability for LLP ROC Return or ITR
Newest LLP
Incorporated in 2022-23 On or after 30th sept
APPLICABLE
- Partner DIN KYC
- Income Tax Return
New LLP
Incorporated in 2022-23 On or Before 30 September
APPLICABLE
- Partner DIN KYC
- Income Tax Return
- Form 11
- Form
Due Date of LLP Annual Filing
- Start Date: 1st April
- Last Date: 30th June
- Govt Fee: NIL
- Late Fee: Rs. 5000/-
Income Tax Return
- Start Date: 1st April
- Last Date: 31st July
- Govt Fee: Actual Tax
- Late Fee: Rs. 1000 to 10,000
Form -11
- Start Date: 1st April
- Last Date: 30th May
- Govt Fee: Rs. 50
- Late Fee: Rs. 100 Per Day
Form -8
- Start Date: 1st April
- Last Date: 30th October
- Govt Fee: Rs. 50
- Late Fee: Rs. 100 Per Day
1. LLP Form 11 Annual Return
Every LLP Registered in Indian need to LLP Annual return. LLP Form 11 annual return is online filing. Form 11 need to be filed with Ministry of Corporate Affairs (MCA) before 30th May of each year. Form 11 have information number of partners, total number of partners, total contribution received by all partners, details of body corporate as partners and summary of partner. LLP Form 11 due date for FY 2020-21 is 30 May 2021.
Even LLP with no transaction required to file form 11.
2. Income Tax Return Filing For LLP
As per Section 139(1) Any firm including LLP (Limited Liability Partnership) or Unlimited Liability Partnership is liable for Income Tax Return (ITR) Filing. Every LLP registered before 31 March 2020 shall file income tax return. LLP with nil / no transaction is also required to file income tax return. For FY 2020-21 income tax return filing due date is 31 July 2021. And for audit case Tax filing due date is 30 September 2021.
3. LLP Form 8
LLP Form 8 filing is important statutory compliance for FY 2019-20. Every LLP Registered in India shall file Form 8. Filing of Form 8 is online with Ministry of Corporate Affairs (MCA). Form 8 is also known as Statement of Account & Solvency. Once LLP prepare its financial statements such as Balance sheet , Profit and loss statement they shall fill this information in form 8. For Financial Year 2020-21 Form 8 due date is 30 October 2021
4. LLP Audit
LLP Audit is important statutory compliance for FY 2020-21. LLP Audit is applicable if a turnover of more than Rs.40 lakhs and/or partner’s capital contribution of more than Rs.25 lakhs. Where LLP Audit is required firm shall appoint Chartered Accountant for Audit. In LLP audit , CA firm verify books of accounts of LLP and certify same. For FY 2020-21 LLP Audit due date is 30 September 2021. Also who’s turnover exceed given limit of Section 44 AB of Income Tax Act 1961 shall also do Income Tax Audit.
5. LLP Partner DIN KYC
LLP Partner DIN KYC filing is application for designated partners of LLP. As per Ministry of Corporate Affairs, it is mandatory for LLP Partners to file DIR 3 KYC form. For non filing of DIN KYC late filing penalty of Rs. 5000/- applicable.
Penalty For Non Filing LLP Statutory Compliance for FY 2020-21
LLP partners are responsible for LLP Annual filing and tax return filing. Partners required to maintain books of accounts of LLP and file statutory annual compliances for LLP. Its advisable to file all statutory LLP compliance to avoid further penalty and late filing fees. Below is summary for non filing penalty.
| S.No. | Particulars | Penalty / Late Fees |
| 1 | LLP Form 11 | Per Day Rs.100 /- |
| 2 | LLP From 8 | Per Day Rs.100 /- |
| 3 | Income Tax Return | Upto Rs. 10000/- |
| 4 | LLP Tax Audit | Upto Rs. 150000/- |
| 5 | DIN KYC | Rs. 5000/- Per DIN |
SETUPFILLING is Corporate Consultant and provides varied array of services including Start-ups mentor, Secretarial, Legal, Trademark, taxation, Audit, GST, Book keeping and other ancillary advisory service in Delhi as well as other part of India.
Customer Support Helpline Number: +919818209246
Customer Support Email : info@setupfilling.com
