All LLPs registered with the Ministry of Corporate Affairs need to file Annual Returns and Statement of Accounts for every Financial Year. It is mandatory for an LLP to file a return irrespective of whether it has done any business.

Filing Annual Return:
Every LLP is required to file an Annual Return in Form 11 to the Registrar within 60 days from the closure of a financial year. Therefore the Annual Return has to be filed on or before 30th May every year. Form 11 or Annual Return is Applicable to those LLPs which were registered till 30 September 2015. For LLPs registered after 1st October 2015, the return will be filed in the year 2017.

Filing Annual Accounts or Statement of Accounts or P&L and Balance Sheet:
Every LLP is required to file the Statement of Accounts in with the Registrar of Companies in Form 8 on or before 30th October every year. Form 8 or Annual Statements are applicable to the LLPs registered till 30th September 2015. For LLPs registered after 1st October 2015, the Annual Statements should be filed in 2017.

LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain a proper book of accounts and file an annual return with the MCA each financial year. It should be noted that LLPs whose annual turnover exceeds Rs. 40 lakh or whose contribution exceeds Rs. 25 lakh are required to get their accounts audited by a qualified Chartered Accountant mandatorily.