LLP Annual Filing

For a Limited Liability Partnership, LLP returns must be filed periodically to maintain compliance and avoid heavy penalty for non-compliance

What is LLP Annual Filing ?

LLPs in India must file its Annual Return within 60 days from the end of close of financial year and Statement of Account & Solvency within 30 days from end of six months of close of financial year. Unlike Companies, LLPs mandatorily have to maintain their financial year, as April 1st to March 31st. Therefore, LLP annual return is due on May 30th and the Statement of Account & Solvency is due on October 30th of each financial year.


LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain proper book of accounts and file annual return with the MCA each financial year. LLPs are not required to audit its accounts unless the annual turnover exceeds Rs.40 lakhs or if the contribution exceeds Rs.25 lakhs. Therefore, LLP who do not have to get the accounts audited if it satisfies the above condition, making the annual filing process a simple and easy one. IndiaFilings can help file the Annual return for your LLP.



4 Essential Facts On LLP Annual Return Filing

Statement of Accounts and Solvency Due Date

Statement of Accounts and Solvency of a LLP is due within 30 days from the end of six months of close of financial year. Therefore the Statement of Accounts and Solvency of a LLP is due on or before October 30th of each financial year.


Newly Incorporated LLP

If a LLP was incorporated on or after 1st October of a financial year, then the LLP can close its first financial year either on the coming or next 31st March.


Statement of Accounts and Solvency

Statement of Accounts and Solvency is a mandatory filing that is required for all LLPs in India. Statement of Accounts and Solvency contains a declaration by the designated partners and related to financial position of the LLP.


Annual Return Due Date

Annual return of a LLP is due within 60 days of close of financial year. Therefore the Annual return of a LLP is due on or before May 30th of each financial year.