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 a late fee of ₹100 per day, with no upper cap — so a filing left pending for months can become costly. Filing Form 11 (Annual Return) separately does not cover this requirement; both are mandatory every year.