Limited Liability Partnership (LLP)

Annual Compliance & Statutory Filings

Annual compliance is mandatory for every LLP to remain legally active and penalty-free. Though LLP compliance is simpler than that of private limited companies, penalties for non-compliance can go up to ₹5 lakh.

At Thrive Tax Solutions, we manage complete LLP annual compliance—ensuring timely filings, accurate reporting, and stress-free adherence to statutory requirements.

📘 LLP Compliance Requirements

  • Designated Partners are responsible for ensuring LLP compliance, which includes:
  • Maintenance of Books of Accounts
  • Filing of Annual Return (Form 11)
  • Filing of Statement of Accounts & Solvency (Form 8)
  • Income Tax Return (ITR-5)
  • Tax Audit (if applicable)

📅 Key LLP Annual Filings & Due Dates

  • Form 11 (Annual Return): Due by 30 May | Late fee ₹100 per day
  • Form 8 (Statement of Accounts): Due by 30 October | Late fee ₹100 per day
  • ITR-5 (Income Tax Return): 31 July (Non-audit) | 30 September (Audit cases)
  • Tax Audit: Applicable if turnover exceeds prescribed limits

⭐ Benefits of LLP Annual Compliance

  • ✔ Avoid heavy penalties
  • ✔ Maintain active LLP status
  • ✔ Improve credibility & financial record
  • ✔ Easy conversion or closure in future

🛠 Our Services Include

  • LLP annual compliance planning
  • Form 8 & Form 11 filing
  • Accounting & bookkeeping support
  • ITR-5 filing & tax audit assistance
  • Due date tracking & reminders
  • Complete ROC & Income Tax coordination

⭐ Why Choose Thrive Tax Solutions?

  • ✔ LLP compliance specialists
  • ✔ End-to-end annual filing support
  • ✔ Timely reminders & penalty prevention
  • ✔ Simple, transparent process
Get LLP Compliance Support