Standard Due Date

• The general due date for filing the Income Tax Return (ITR) for an LLP is 31st July of the assessment year
  
• This applies to LLPs not requiring an audit under the Income Tax Act or LLP Act
  
• Returns must be filed for the previous financial year ending 31st March
  
• Filing is mandatory even if the LLP has no income or operations
  
• The return is filed using Form ITR-5
  

Due Date for Audited LLPs

• If the LLP is required to get its accounts audited, the due date is 31st October
  
• This includes LLPs with turnover above ₹40 lakhs or capital contribution exceeding ₹25 lakhs
  
• LLPs covered under transfer pricing regulations must file by 30th November
  
• The extended deadline allows time to complete and submit audit reports
  
• The audit report must be submitted electronically before filing the return
  

Advance Tax and Tax Payments

• LLPs must pay advance tax in four installments if total tax liability exceeds ₹10,000
  
• Any tax due must be paid before the ITR filing date to avoid interest
  
• Interest under sections 234A, 234B, and 234C is applicable for delays or short payments
  
• Self-assessment tax, if any, must be cleared before return submission
  
• Ensure timely payments to avoid penalties and prosecution
  

Filing Method and Verification

• Returns must be filed electronically on the Income Tax e-filing portal
  
• A valid Digital Signature Certificate (DSC) of a designated partner is required
  
• After submission, the ITR must be verified using DSC or EVC
  
• The filing is considered complete only after successful verification
  
• Filing without verification is treated as non-submission
  

Penalty for Late Filing

• Filing after the due date attracts a late fee under Section 234F
  
• Late fee is ₹5,000 if filed before 31st December and ₹10,000 thereafter
  
• For LLPs with total income below ₹5 lakhs, the fee is limited to ₹1,000
  
• Delay also results in loss of certain deductions and interest liabilities
  
• Consistent non-compliance may lead to legal consequences