Annual Compliance · Panaji, Goa
On-time LLP annual compliance in Goa — the annual return in Form 11, the statement of account and solvency in Form 8, the income tax return and designated-partner KYC — kept on a calendar so your limited liability partnership never misses a date.
Overview
A limited liability partnership has a defined set of annual filings under the LLP Act. The annual return in Form 11 is due by 30 May, and the statement of account and solvency in Form 8 by 30 October, in addition to the LLP’s income tax return.
Designated partners must also keep their DIN KYC current, and an audit applies where the LLP’s turnover or contribution crosses the prescribed limits. We run these on a calendar and handle any change of partners through a supplementary agreement and Forms 3 and 4.
Filing the LLP’s annual return by 30 May each year.
Filing the statement of account and solvency by 30 October.
Filing the LLP’s return in ITR-5.
Keeping each designated partner’s DIN KYC current.
Auditing the accounts where turnover or contribution requires.
Giving effect to partner changes with Forms 3 and 4.
Our process
We set the LLP’s filing calendar and thresholds.
Annual return filed by 30 May.
Accounts, solvency and income tax return filed.
Designated-partner KYC filed each year.
Frequently asked questions
An LLP files its annual return in Form 11 and its statement of account and solvency in Form 8 with the Ministry of Corporate Affairs each year, along with its income tax return. Designated partners must also complete their annual DIN KYC.
Form 11, the annual return of an LLP, is due by 30 May each year, covering the financial year ended on the preceding 31 March. Filing it on time avoids additional fees for delay.
Form 8, the statement of account and solvency, is due by 30 October each year. It reports the LLP's financial position and a declaration of solvency, and is filed in addition to Form 11.
An LLP must have its accounts audited if its turnover exceeds forty lakh rupees or its contribution exceeds twenty-five lakh rupees in a financial year. Below these limits, an audit is not mandatory under the LLP Act, though other laws may still require one.
Yes. Every designated partner who holds a Director Identification Number must complete the annual DIR-3 KYC with the Ministry of Corporate Affairs, in the same way as a company director, to keep the DIN active.
Late filing of Form 11 or Form 8 attracts an additional fee that accrues for the period of delay, and prolonged default can lead to the LLP and its partners being treated as non-compliant. Filing on the due dates avoids this.
A change of partners is given effect through a supplementary LLP agreement, with Form 4 reporting the change of partner and Form 3 reporting the change in the agreement, both filed within the prescribed time. We prepare and file these.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll file your Form 11, Form 8 and income tax return on time and keep partner KYC current — no obligation.