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Limited Liability Partnership is a body corporate that provides benefits of limited liability to it's members along with flexibility to organize it's internal structure as partnership. It is incorporated under the LLP Act,2008 and should have at least 2 partners.


As far as compliances are concerned, LLP enjoys the benefit of lesser compliances when compared to that of Private Limited companies. While Private Limited companies require filing of various forms on MCA portal, LLP requires filing of a very few forms on MCA portal and the overall compliances are also very less. Here are the major compliances for LLP:


Filing of Statement of Accounts and Solvency in Form 8-

  • Part A- Statement of Solvency

    Here, designated partners or authorized representatives (in case of foreign LLP) give declaration on the following matters- Debts, Statement of Assets and Liabilities & Income and Expenditure, Charges, Turnover limit, Contribution limit, Maintenance of Proper accounts

  • Part B- Statement of Accounts

    Here, details of items covered under Statement of Assets & Liabilities and Statement of Income & Expenditure are given and provides figures at the end of current reporting period as well as at the end of previous reporting period.

  • At the end of Form 8, documents that are required to be attached are as follows:
    • Disclosures under MSMED Act, 2006
    • Statement of contingent liabilities not provided for, if any
    • Any other attachment, if necessary.

Filing of Statement of Accounts and Solvency in Form 8-

  • This form should be filed on or before 30th May from the end of the F.Y. It is the annual return of LLP which asks for the following details:

  • Basic details about LLP- LLPIN, name, address, business activities, turnover, etc.

  • Basic details of partners as individuals- Name, father's name, address, date of appointment, date of cessation, contribution, residential status, e

  • Basic details of partners as body corporate- Type of body corporate, name, address of registered office in India, country, contribution, nominee, nominee details

  • Summary of designated partners or partners as on 31st March of the period for which annual return is being filed

  • Details of penalties, if any, imposed on LLP or designated partners/ partners

  • Details of compounding offences, if any.

    • At the end of Form 8, documents that are required to be attached are as follows:

  • Details of LLP and/ or company in which partner/ designated partner is a director or partner
  • Any other attachment, if necessary.

Filing of Statement of Accounts and Solvency in Form 8-

LLP has to file it's income tax return (ITR) after the end of every financial year on or before the following due dates in Form ITR-5:

  • Where tax audit is not required under the Income Tax Act, 1961- 31st July
  • Where tax audit is required under the Income Tax Act, 1961- 30th September

Filing of Tax Audit Report under the Income Tax Act, 1961

LLP has to get it's accounts audited by a practicing Chartered Accountant under Section 44AB of the Income Tax Act, 1961, where the turnover of LLP for the previous Financial Year exceeds ₹1 crore and file it's tax audit report on the income tax e-filing portal. It should be filed before 30th September from the end of the F.Y.

Statutory audit of LLP under the LLP Act, 2008

LLP has to get it's accounts audited by a practicing Chartered Accountant as per the provisions of the LLP Act, 2008, where the annual turnover exceeds ₹40 lakhs or contribution exceeds ₹25 lakhs

Other compliance and approval related filing on MCA portal-

Depending on the occurrence of certain events like intimating additional address for service of documents, change of name, etc.