File your LLP income tax return accurately with expert assistance, ensuring statutory compliance, correct tax computation, and timely filing under the Income Tax Act without compliance stress.
LLP Annual Compliance ensures your partnership meets all statutory deadlines under MCA & Income Tax laws. A Limited Liability Partnership (LLP) is a popular business structure in India, combining the flexibility of a partnership firm with the limited liability protection of private limited companies. Under the Limited Liability Partnership Act, every LLP must comply with specific annual filing and audit requirements to avoid penalties and legal consequences.
Who Should File ITR for an LLP?
Every LLP registered in India must file an income tax return annually, even if no business activity occurred during the financial year.
Active LLPs with income
LLPs with losses
Dormant or inactive LLPs
LLPs claiming refunds
LLPs subject to audit
Key LLP Filings & Deadlines
Every Limited Liability Partnership (LLP) must meet specific annual filing timelines with both the Ministry of Corporate Affairs (MCA) and the Income Tax Department to remain compliant under the Income Tax Act, 1961 and the Limited Liability Partnership Act,2008. Missing a due date can result in heavy late fees and additional compliance burden.
Benefits of Filing LLP Income Tax Return
Timely LLP ITR filing ensures legal compliance, protects the LLP from penalties, and strengthens financial credibility for future business needs.
Lower Compliance Risk :
Prevents penalties, notices, and prosecution for non-filing.
Loss Carry Forward :
Allows business losses to be carried forward for future set-off.
Loan & Funding Support :
ITR acts as proof of income for banks and investors.
Audit & MCA Alignment :
Ensures consistency with Form 8 and Form 11 filings.
File Your LLP ITR Without Errors or Delays
Get your deed drafted, verified, and registered with expert support.
Essential Documents for LLP Income Tax Filing
To file an Income Tax Return for your LLP, you'll need several key documents, such as the LLP's PAN, financial statements, and details of partners’ contributions. Having these documents organised will streamline the filing process.
Initial costs
TDS on LLP payments
Take into account the LLP provisions of the GST (if applicable)
Partners' compensation (Special Treatment).
Audit & Tax Compliance for LLPs
LLPs must follow strict tax audit and compliance requirements under the Income Tax Act 1961 and Limited Liability Partnership Act. If annual turnover or gross receipts exceed the threshold limit—₹40 lakhs or ₹25 lakhs respectively—a tax audit becomes mandatory, and accounts audited by a chartered accountant must be filed with the Income Tax Department.
For LLPs engaged in international or specified domestic transactions, Form 3CEB must be filed. This applies to certain partnership firm structures and private limited companies with related-party transactions.
ITR-5 filing is required for all LLPs to file income tax return, whether or not there is taxable income. When computing total income, provisions for alternative minimum tax may apply, and normal tax liability must be compared with AMT rules. Special cases include Hindu Undivided Family involvement in the LLP or ownership of one house property, both of which may affect calculation.
Tax payable is subject to health and education cess at 4% on the book profit or net liability, with marginal relief provisions for entities just above the slab cut-offs. The due date for filing ITR for LLP without audit is July 31, while audited LLPs get an extended deadline. Non-compliance or delayed filing ITR can attract penalties and increase the compliance burden significantly.
