Audit & Assurance · LLP Act

LLP Audit for Limited Liability Partnerships.

Statutory audit of Limited Liability Partnerships crossing prescribed contribution or turnover thresholds — with Form 8 and Form 11 filing support, conducted by ICAI-registered Chartered Accountants.

Limited Liability Partnerships are governed by the LLP Act, 2008 and the LLP Rules, 2009. While LLPs enjoy considerable flexibility in their internal management compared to companies, they are not exempt from audit and annual filing obligations once they cross the prescribed thresholds. An LLP whose turnover exceeds ₹40 lakh or whose contribution exceeds ₹25 lakh in any financial year must have its accounts audited by a Chartered Accountant.

Even LLPs below these thresholds must file their annual return in Form 11 and their statement of accounts in Form 8 — signed by the designated partners and, where applicable, accompanied by the auditor's report. Failure to file these forms attracts compounding fees that escalate sharply with delay, and persistent non-compliance can result in the LLP being declared defunct.

At Beyonte Compliances, we handle LLP audits and annual filings as a single co-ordinated engagement — examining the books of account, verifying partner capital accounts and profit sharing, and completing Form 8 and Form 11 filings with the MCA within prescribed timelines.

What Our LLP Audit Covers

Threshold Assessment

Determining whether your LLP crosses the ₹40 lakh turnover or ₹25 lakh contribution threshold — and whether an audit is therefore mandatory for the financial year.

Audit of Financial Statements

Examination of the profit and loss account and balance sheet — verifying income, expenses, partner capital accounts, loans, and year-end balances in accordance with applicable accounting standards.

Partner Capital & Profit Sharing Review

Verification that partner contributions, capital accounts, and profit-sharing ratios are consistent with the LLP Agreement — and that drawings and remuneration are within permissible limits.

Compliance Verification

Checking that GST, TDS, PF, ESI, and professional tax obligations have been met — and identifying any liabilities or filings that require remediation before the annual return is filed.

Form 8 — Statement of Accounts

Preparation and filing of Form 8 (Statement of Account and Solvency) on the MCA portal — due by 30 October each year. Where audit is mandatory, the auditor's report is attached to Form 8.

Form 11 — Annual Return

Preparation and filing of Form 11 (Annual Return of LLP) — due by 30 May each year — covering partner details, contributions, and changes during the financial year.

LLP Agreement Compliance Review

Review of the LLP Agreement to confirm that partner remuneration, interest on capital, profit-sharing, and major decisions have been conducted in accordance with the agreed terms.

Tax Audit Co-ordination

Where the LLP also crosses the Section 44AB turnover threshold, we co-ordinate the LLP audit with the tax audit — ensuring a consistent set of financials supports both Form 8 and Form 3CD filings.

Our Process

Threshold & Filing Obligation Check

Confirming whether an audit is mandatory and mapping all applicable filing deadlines — Form 11 by 30 May, Form 8 by 30 October.

Books & LLP Agreement Review

Collection of ledgers, bank statements, partner capital accounts, and the LLP Agreement — verifying consistency between the agreement and the books.

Audit & Verification

Substantive testing of income, expenses, capital, loans, and statutory compliance — documented in signed workpapers with a clear audit trail.

Audit Report Preparation

Preparation of the signed audit report to accompany Form 8 — identifying any qualifications, emphasis of matter, or compliance issues to be disclosed.

Form 8 & Form 11 Filing

Filing of both annual forms on the MCA portal within the prescribed timelines — with filing acknowledgements shared promptly and deadline tracking for the following year.

Why It Matters

✓Avoids escalating compounding fees for late Form 8 and Form 11 filings

✓Prevents the LLP from being declared defunct due to non-filing

✓Verifies partner accounts and profit-sharing against the LLP Agreement

✓Co-ordinated with tax audit where the LLP also crosses Section 44AB

✓Clean annual filings strengthen lender and investor confidence

✓Identifies GST, TDS, and other compliance gaps before they attract notices

✓Form 8 and Form 11 filed on time — no last-minute rush

✓Single team handles audit, forms, and tax compliance for the LLP

Frequently Asked Questions

An LLP audit is mandatory when its annual turnover exceeds ₹40 lakh or its total partner contribution exceeds ₹25 lakh in any financial year. LLPs below both thresholds are not required to get their accounts audited — but must still file Form 8 and Form 11 annually.

Form 11 (Annual Return) is due by 30 May each year — within 60 days of the close of the financial year. Form 8 (Statement of Account and Solvency) is due by 30 October — within 30 days of the end of six months from the close of the financial year. Both forms must be digitally signed by designated partners.

Late filing of Form 8 or Form 11 attracts additional fees of ₹100 per day per form for the entire period of delay — with no upper cap. Continued non-filing can result in the LLP being struck off the register by the Registrar of Companies under Section 75 of the LLP Act.

Yes. Where the LLP crosses both the LLP Act threshold and the Section 44AB income tax threshold, we handle both audits under one co-ordinated engagement — using the same set of books and producing a consistent set of financials for Form 8 and Form 3CD.

Keep your LLP's filings clean and on time.

Talk to our team about a complete LLP audit and annual compliance engagement for your partnership.