LLP Compliance

LLP Form 8: Statement of Account and Solvency

Quick Answer

LLP Form 8 is the Statement of Account and Solvency that every Limited Liability Partnership must file with the ROC each year. It includes the LLP's assets, liabilities, income and expenditure and a declaration of solvency by designated partners. It is due by 30 October following the end of the financial year, and late filing costs Rs 100 per day.

What is LLP Form 8 Filing?

Form 8 is one of the two annual filings for every LLP, along with Form 11. It must be signed by two designated partners and certified by a practising professional. If the LLP's accounts are audited, the audit must be completed before filing. TaxBucket prepares the financial statements, coordinates the audit where required and files Form 8 on time.

Who needs it?

  • Every LLP registered in India, including those with no business
  • LLPs requiring audit (turnover above Rs 40 lakh or contribution above Rs 25 lakh)

Key benefits

  • Keeps the LLP active and compliant
  • Avoids daily late fees
  • Maintains credibility with banks and clients
  • Required for smooth closure or conversion later

Documents required

Checklist: keep these ready

  • Financial statements of the LLP
  • Audit report (if applicable)
  • Details of contingent liabilities
  • DSC of two designated partners

Step-by-step process

  1. 1

    Step 1

    Finalise books of accounts

  2. 2

    Step 2

    Get the accounts audited, if applicable

  3. 3

    Step 3

    Prepare Form 8 with the solvency declaration

  4. 4

    Step 4

    Certification by a practising professional

  5. 5

    Step 5

    File on the MCA portal and share the SRN

Important to know

Key facts: fees, timelines, due dates and penalties

  • 1Due date: 30 October every year
  • 2Late fee: Rs 100 per day
  • 3Audit required if turnover exceeds Rs 40 lakh or contribution exceeds Rs 25 lakh
  • 4Small LLPs may have relaxed penalty provisions

Why choose TaxBucket for LLP Form 8 Filing?

  • 14+ years of experience in tax, GST, MCA and legal compliance
  • ISO 9001:2015 certified company with a team of tax and compliance professionals
  • Transparent pricing with no hidden charges
  • End-to-end online process with a dedicated expert and regular status updates
  • Office in South West Delhi; serving clients across India

Frequently asked questions

Is Form 8 required if the LLP has no business?

Yes. Every LLP must file Form 8 annually, even with nil activity.

What is the difference between LLP Form 8 and Form 11?

Form 11 is the annual return with partner details (due 30 May), while Form 8 is the statement of accounts and solvency (due 30 October).

Who signs Form 8?

Two designated partners sign it, and it is certified by a practising CA, CS or CMA.

What is the penalty for not filing Form 8?

A late fee of Rs 100 per day applies, along with possible penalties on the LLP and partners.

Get expert help with LLP Form 8 Filing today

Call +91 7838-000-475 or send your enquiry and our expert will get back to you.

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This page is for general information. Laws, due dates and fees change often, so please speak to our team for advice on your case.

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