Limited Liability Partnerships (LLPs) have comparatively lighter compliance than private limited companies, but the requirements are still mandatory and time-bound under the LLP Act, 2008. Missing LLP filing deadlines results in a steep daily penalty with no upper cap, making timely compliance especially important. Digitax Consultancy manages your LLP’s annual filings so nothing slips through the cracks.

Key annual requirements: Form 11 (Annual Return) within 60 days of the financial year-end, Form 8 (Statement of Account and Solvency) within 30 days from the end of six months of the financial year, mandatory audit if turnover exceeds Rs. 40 lakh or contribution exceeds Rs. 25 lakh, and income tax returns annually regardless of turnover.