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G K B & Associates
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0120-3130570
info@gkb.associates
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LLP - ASC

 There is a lot of buzz among foreign companies / foreign individuals to start their operations in India and tap into one of the largest and fast growing market, and have access to some of the best and cost effective human resources in the world. 

Benefits of Annual Statutory Compliance for LLPs

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    Avoid Heavy Penalties – MCA late filing fees are ₹100 per day per form with no cap.
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    Maintain Legal Status –Keeps your LLP active and recognised by authorities.
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    Improves Financial Credibility – Essential for loans, tenders, and investor trust.
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    Ensures Partner Transparency – Maintains clear financial and operational records.
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    Peace of Mind – No last-minute rush before deadlines.

    • Documents Needed for LLP Annual Compliance

    1. 1 .LLP Incorporation Certificate
    2. 2.LLP Agreement & amendments (if any)
    3. 3.PAN of LLP
    4. 4.PAN & Aadhaar of all partners
    5. 5.DSC (Digital Signature Certificates) of designated partners
    1. 6.Financial statements – Balance Sheet & Profit & Loss Account
    2. 7.Bank statements for the financial year
    3. 8.GST registration details & returns (if applicable)
    4. 9.TDS challans & returns (if applicable)
    5. 10.Details of partner contributions & profit-sharing ratios

    Our Process

    01
    Checking Up on Compliance and Making a Plan

    We take a close look at how your LLP is set up, its financial activities, and past filings to figure out everything you need to do to stay compliant.

    02
    Getting Ready for Required Reports

    We put together the Form 8 (Statement of Account & Solvency) and Form 11 (Annual Return), along with Income Tax Returns and any other necessary documents.

    03
    Submitting Reports to the Right Places

    We make sure all the returns are filed with the MCA and the Income Tax Department before the deadlines to keep you from facing any penalties.

    Mandatory Annual Compliances for LLPs:


    1. 1. Form 11 – Annual Return with MCA (due by 30th May every year).
    2. 2. Form 8 – Statement of Account & Solv ency with MCA (due by 30th October every year).
    3. 3. Income Tax Return – Due by 31st July (non-audit) or 31st October (audit cases).
    4. 4. Tax Audit – Mandatory if turnover exceeds ₹1 crore (₹10 crore for digital transaction cases).
    5. 5. GST & TDS Returns – If applicable

    Penalty for Non-Compliance:


    1. 1. MCA late fees – ₹100 per day per form.
    2. 2. Late ITR – ₹1,000 to ₹5,000 under Income Tax Act.
    3. 3. GST/TDS – penalties as per respective laws.
    4. 4. Best Practice – File returns on time even if there is no business to avoid continuous late fees.

    Frequently Asked Questions

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    Annual statutory compliance for an LLP (Limited Liability Partnership) in India includes annual return filing (Form 11), statement of accounts & solvency (Form 8), income tax return filing, and other statutory requirements depending on turnover and operations.
    Yes, every LLP must file an Annual Return (Form 11) with the Registrar of Companies (ROC) irrespective of turnover or activity during the financial year.
    The major filings include:
    • Form 11: Annual Return (due by 30th May every year)
    • Form 8: Statement of Accounts & Solvency (due by 30th October every year)
    • Income Tax Return (ITR): As per Income Tax Act, due by 31st July/31st October depending on audit requirements
    Audit of accounts is mandatory if:
    • Annual turnover exceeds ₹40 lakh
    • Capital contribution exceeds ₹25 lakh
    LLPs must file an Income Tax Return (ITR 5) every year. Tax is charged at a flat rate of 30% plus surcharge and cess on profits.
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