Annual Compliance Service for LLP

Annual Compliance Service for LLP

Annual Compliance for LLP in India: A Complete Guide for FY 2024–25
A Limited Liability Partnership (LLP) combines the benefits of a partnership firm and a private limited company. While LLPs enjoy relaxed compliance norms compared to companies, they are still required to meet certain annual compliance obligations under the LLP Act, 2008, and the Income Tax Act.
If you are running an LLP in India, this blog outlines the mandatory annual compliances for FY 2024–25 to help you avoid penalties and keep your firm in good legal standing.

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✅ Why Annual Compliance for LLP Is Important
Complying with annual regulations:
•    Maintains your LLP's legal status and goodwill.
•    Avoids hefty penalties for late or non-filing.
•    Builds transparency and trust with clients, banks, and vendors.
•    Makes your LLP eligible for funding, tenders, and contracts.

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📋 Annual Compliance Checklist for LLP
1. Form 11 – Annual Return
•    Contains details of the partners and business activities.
•    Mandatory for all LLPs, regardless of turnover.
•    Due Date: 30th May 2025
•    Filing Fees: Based on the contribution amount.
2. Form 8 – Statement of Account and Solvency
•    Discloses the LLP’s financial position and declaration of solvency.
•    Must be signed by designated partners and certified by a CA.
•    Due Date: 30th October 2025
3. Income Tax Return (ITR-5)
•    Mandatory, even if the LLP has no income or operations.
•    Audit is compulsory if turnover exceeds ₹1 crore.
•    Due Date (without audit): 31st July 2025
•    Due Date (with audit): 31st October 2025
4. Tax Audit (if applicable)
•    Applicable if:
o    Turnover exceeds ₹1 crore (normal business)
o    ₹10 crores (if cash transactions are less than 5%)
•    Report must be submitted by 30th September 2025
5. Books of Accounts
•    Every LLP must maintain proper books of account either on a cash or accrual basis.
•    Required for filing Form 8 and ITR.

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💸 Penalties for Non-Compliance
•    ₹100 per day per form for late filing of Form 8 or Form 11, with no upper limit.
•    Penalty notices and potential disqualification of designated partners.
•    ROC may strike off the LLP in case of prolonged default.

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📂 Documents Required for Annual Filing
•    PAN and LLP Identification Number (LLPIN)
•    DSC of Designated Partners
•    Financial statements (Balance Sheet, Income & Expense)
•    Details of contributions and partners
•    Auditor’s report (if applicable)

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🛠️ How CallmyCA Helps Your LLP Stay Compliant
Managing LLP compliance might sound simple, but missing a deadline can be costly. At CallmyCA, we offer:
•    Timely reminders and accurate filings
•    Expert support from experienced CAs and CSs
•    End-to-end documentation and audit assistance
•    Transparent and affordable pricing
We help you focus on business, while we take care of the compliance.

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📞 Your Compliance Partner Is Just a Call Away
Don't let compliance delays put your LLP at risk.
Consult our experts today and keep your LLP 100% compliant in FY 2024–25, with peace of mind and zero penalties.