Limited Liability Partnerships, being distinct legal entities, mandate designated partners to maintain accurate books of accounts and annually submit a return to the Ministry of Corporate Affairs (MCA).

Moreover, LLPs are required to file an income tax return each year. Notably, LLPs are exempt from auditing their accounts unless their Annual Turnover exceeds Rs. 40 lakhs or if contributions surpass Rs. 25 lakhs.

The deadline for filing the LLP Annual Return is 30th September. However, LLPs without the necessity for tax audit face no specific deadline, making the due date for tax filing extend until 31st July.