LLP Form 11 is the annual return that must be filed by every LLP (Limited Liability Partnership) registered in India. The form must be filed once every year, and it provides information about the LLP’s management, partners, and capital contributions.
Who needs to file LLP Form 11?
Table of Contents
LLP Form 11 is an annual return that must be filed by every LLP registered in India. The form provides information about the LLP’s management, partners, and capital contributions. It must be filed once every year, and the due date for filing the form is 30th May of each financial year.
Who needs to file LLP Form 11?
Every LLP registered in India must file LLP Form 11 annually, regardless of whether it has carried out any business activities during the financial year.
What is included in LLP Form 11?
LLP Form 11 includes the following information:
- Name and registered address of the LLP
- Details of the designated partners and partners
- Details of the LLP’s capital contributions
- Details of the turnover of the LLP during the financial year
- Details of any changes in the management or partners of the LLP during the financial year
It is important to note that LLP Form 11 does not require the submission of tax returns or financial statements.
Late fee for filing LLP Form 11
The late fee for filing LLP Form 11 has been revised by the Ministry of Corporate Affairs as per the latest notification dated April 30th, 2021. The revised late fee structure is as follows:
- For filing the form after the due date but within 30 days: No late fee
- For filing the form after 30 days but within 60 days from the due date: Rs. 10 per day for small LLPs and Rs. 20 per day for other LLPs
- For filing the form after 60 days from the due date: Rs. 100 per day for small LLPs and up to 50 times of normal fee applicable to other than small LLPs based on the number of days delayed.
It is important to note that late fees for LLP Form 11 are only applicable to the number of days delayed and not for the tax return or financial statement.
Frequently Asked Questions (FAQs) for filing LLP Form 11
Q. Is it mandatory to file LLP Form 11? A. Yes, every LLP registered in India must file LLP Form 11 annually.
Q. What is the due date for filing LLP Form 11? A. The due date for filing LLP Form 11 is 30th May of each financial year.
Q. What is the late fee for filing LLP Form 11? A. The late fee for filing LLP Form 11 is as per the revised structure mentioned above.
Q. What information is required to be submitted in LLP Form 11? A. The LLP’s management and partner details, capital contributions, and turnover during the financial year are required to be submitted in LLP Form 11.
Q. Is it necessary to submit tax returns and financial statements with LLP Form 11? A. No, tax returns and financial statements are not required to be submitted with LLP Form 11.
In conclusion, LLP Form 11 is an important annual return that must be filed by every LLP registered in India. The form provides information about the LLP’s management, partners,
capital contributions, and turnover during the financial year. The late fee for filing LLP Form 11 has been revised, and it is important for LLPs to file the form before the due date to avoid any late fees.
LLP Form 11 is a simple form that does not require the submission of tax returns or financial statements. LLPs must ensure that they provide accurate and up-to-date information in the form to avoid any penalties or legal issues.
In summary, filing LLP Form 11 is a mandatory requirement for all LLPs registered in India. The form must be filed annually and provides important information about the LLP’s management, partners, and capital contributions. LLPs must ensure that they file the form before the due date and provide accurate information to avoid any legal issues or penalties.
