LLP Form 8
Statement of Account & Solvency
Due: Annually, by 30 October
Form 8 is the LLP's yearly declaration of its financial position — a Statement of Account and Solvency, confirming the partners believe the LLP can pay its debts as they fall due.
Every LLP has to file it annually, by 30 October, covering the financial year that ended on 31 March. This applies even to LLPs with no transactions during the year — there's no turnover threshold that exempts a filing.
It has two parts: a solvency declaration signed by two designated partners, and a statement of assets/liabilities and income/expenditure. LLPs above certain turnover or contribution thresholds also need the accounts certified by a practising Chartered Accountant.
Missing the deadline attracts an escalating late fee — a multiplier of the normal filing fee, not a flat daily amount. It's 1× up to 15 days late, climbing through 4×/8× and 6×/12× (small LLP/other LLP) for one to three months late, up to 10×/20× once you're past three months, and 15×/30× beyond six months — plus a flat ₹10 or ₹20 per day on top once the delay passes a year. Filing Form 11 (Annual Return) separately does not cover this requirement; both are mandatory every year.