LLPs registered under the Limited Liability Partnership Act, 2008 in India must meet annual filing and compliance requirements with the Ministry of Corporate Affairs (MCA). Key annual filings for LLPs include:
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LLPs should file an Annual Statement in Form 8 with the MCA which contains information regarding the LLP’s financial position. It must be filed by October 30th of the subsequent year.
LLPs must file an Annual Return of details about the LLP’s partners, changes in partners’ details, and other information in Form 11 with the MCA. It should be filed by May 30th of the subsequent year.
LLPs are required to maintain records of their transactions, financial statements, and other relevant documents and should be kept at the registered office of the LLP for eight years from the end of the financial year.
LLPs are also required to file income tax returns with the Income Tax Department annually by September 30th of the assessment year.
LLPs with a turnover exceeding the specified threshold need to get their accounts audited by a qualified Chartered Accountant. The LLP’s audited financial statements must be filed along with the Annual Statement (Form 8).
