LLP Compliance with Delfyle
Simplify annual compliance for your Limited Liability Partnership. We guide you through all mandatory filings, from Form 8 and 11 to Income Tax returns, ensuring you meet all legal requirements without hassle.
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Annual Compliance for Limited Liability Partnership (LLP) Made Easy with Delfyle
Maintaining LLP compliance is essential for every Limited Liability Partnership in India. While LLPs enjoy fewer regulatory burdens compared to private limited companies, non-compliance can lead to hefty penalties—up to ₹5 lakhs. At Delfyle, we help you stay on top of your LLP’s annual compliance with expert guidance and timely support.
Let Delfyle simplify your LLP compliance. Avoid penalties and keep your business compliant—Get started today!
Why LLP Annual Compliance Matters
An LLP is a separate legal entity, and its designated partners are responsible for ensuring it adheres to statutory compliance requirements. Proper annual compliance helps maintain your LLP’s legal standing, enhances credibility, and ensures smooth operation.
Key LLP Compliance Requirements:
- • Maintenance of books of accounts
- • Filing of Form 11 (Annual Return)
- • Filing of Form 8 (Statement of Accounts & Solvency)
- • Filing of Income Tax Return (ITR-5)
- • Filing of Tax Audit Report (if applicable)
Delfyle simplifies your LLP compliance, helping you avoid penalties and keep your business running smoothly with expert guidance and timely support.
"Ensure your LLP remains legally compliant, credible, and operational with our expert compliance solutions."
Team Delfyle
LLP Annual Return Filing – Form 11
All LLPs must file an annual return using Form 11, which includes details of designated partners and partner contributions.
- • **Due Date:** May 30th each year.
- • **Penalty for Late Filing:** ₹100 per day from the due date.
Key Annual Compliances for LLPs
Statement of Accounts & Solvency (Form 8)
LLPs must file Form 8 each year, which includes a solvency statement and a statement of accounts (income, expenditure, and balance sheet).
- Due Date: October 30th (30 days from 6 months after the financial year-end).
- Signing: Must be digitally signed by two designated partners and a certified professional.
- Penalty: A fine of ₹100 per day for late filing.
Tax Audit & Income Tax Filing
LLPs must comply with the Income Tax Act, 1961, for tax audits and returns. A tax audit is mandatory if the turnover exceeds ₹40 lakhs or contributions exceed ₹25 lakhs.
- Tax Audit Deadline: September 30th.
- ITR Filing Deadline: July 31st (without audit) or September 30th (with audit).
- Form 3CEB: Required for international transactions, due November 30th.
LLP Annual Compliance Calendar
Key Filings:
- Form 11: Annual Return Filing - Due **May 30th** to MCA.
- Form 8: Statement of Accounts & Solvency - Due **October 30th** to MCA.
Tax Filings:
- ITR-5: Income Tax Return - Due **July 31st** (without audit) or **September 30th** (with audit) to Income Tax Dept.
- Tax Audit Report: Due **September 30th** (if applicable) to Income Tax Dept.
- Form 3CEB: Due **November 30th** (if applicable) to Income Tax Dept.
Benefits of Timely LLP Compliance
Ensuring your LLP stays compliant with regulations offers significant advantages.
Boosts Credibility
Timely filings and proper maintenance of records ensure your LLP is viewed as a credible business, which helps in securing loans and forming partnerships.
Avoids Penalties
Compliance is mandatory. Filing your returns and documents on time prevents the imposition of heavy late fees and fines, which can reach up to ₹5 lakhs.
Ensures Active Status
Regular compliance filings prevent your LLP from being classified as defunct or non-compliant, ensuring it can continue to operate legally.
Simplifies Restructuring
Maintaining a clean compliance record makes it seamless to convert your LLP into a Private Limited Company or to wind up the business if needed.
Builds Financial Transparency
Regularly filing your financial statements demonstrates a clean and reliable track record, which builds trust with investors, lenders, and partners.
Delfyle is your trusted partner, simplifying complex compliance processes and allowing you to focus on your business growth.
Why Choose Delfyle for LLP Annual Compliance?
Your Partner for Stress-Free Compliance
At Delfyle, we make LLP compliance simple, affordable, and stress-free. Our expert team ensures you never miss a deadline and always stay on the right side of the law.
Keep Your LLP Compliant
Avoid Penalties & Ensure Business Continuity
Our expert team provides end-to-end assistance, handling all mandatory LLP annual filings to ensure your business remains in good standing.
Form 8 & Form 11 Filing
We handle the accurate and timely filing of your Statement of Accounts (Form 8) and Annual Return (Form 11).
Tax Audit & ITR Filing
Our experts manage tax audits (if applicable) and file your Income Tax Return (ITR-5) to meet all deadlines.
Comprehensive Compliance Support
We provide complete support for bookkeeping, resolutions, and other regulatory requirements.
For instant assistance, Call us at +91 74395 87419