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Our professionals can help you fulfill all the legal formalities of llp annual compliance. Focus on your business growth & leave the company compliances burden on us. We help you to stay updated & comply with all the required legal formalities of llp while you sit back at your place & relax. What are the key components of llp annual compliance? the requirements of annual compliance of an llp are specified under the limited liability partnership act 2008. Given below are the important annual compliances in case of an llp: preparation of financial accounts preparation of financial accounts all llps registered under llp act 2008 are required to prepare a statement of account and solvency, through the filling of form 8. Annual return as per section 35 of llp act, every llp has to file the annual return within 60 days of closure of the financial year. This is prepared by filling of form 11. Statutory audit by an independent auditor statutory audit is mandatory for llp only if its annual turnover exceeds inr 40 lakh and/or its total paid-up capital exceeds inr 25 lakh. Income tax return filing & tax audit according to the income tax act, the filing of income tax return is mandatory for an llp. If the annual turnover of an llp exceeds inr 60 lakhs, it will be applicable for a tax audit.