Have you filed LLP Form 11 for the financial year 2018 yet? Well, hurry up and file it with ROC before you miss the window of last date! Every LLP registered in India is required to file form 11 within 60 days from the closure of the financial year i.e before 30th May every year.
For your easy understanding, please see below example:
If ABC Services LLP, incorporated on 01/04/2017 (FY 2017-18) is having capital Contribution of Rs. 1 Lakh, it will have to incur following filing fees on given dates:
- Filed on 30/05/2018: Rs.50
- Filed on 30/06/2018:Rs.50 + Rs.3,000 (Additional Fee for Delay of 30 Days)
- Filed on 30/10/2018:Rs.50 + Rs.15,200 (Additional Fee for Delay of 152 Days)
Accordingly, the penalties will keep on increasing till the date of actual filing of return.
FAQs on LLP Form 11
What is LLP Form 11?
LLP Form 11 is an Annual Filing Form; to be filed with ROC every year. It is Annual Return of the LLP. This Form contains details in respect to the number of Partners, Designated Partners, Body Corporate as Partner, and Amount of contribution obligation and actually received from Partners, Designated Partners and summary of Partners and Designated Partners as on 31st March of the period for which annual return is being filed.
What are the requirements for filing the Annual Return and what shall be the Form 11 Attachment?
Digital Signature of Both Designated Partners and knowledge of basic details of the LLP.
If the total contribution of partners of LLP exceeds Rs. 50 Lakhs or Turnover of LLP exceeds Rs. 5 Crore, certification by Practicing Company Secretary will be Mandatory.
List of Companies/ LLPs in which Partners or Designated Partners are Directors/ Partners.
What is Form 11 Due date for filing?
For the Financial year ending 31st March 2018; LLP Form 11 due date is 30th May 2018.
Who are exempt from Filing Form 11 LLP?
LLPs incorporated on or after 1st October 2017 are exempted from filing Form 11 for the financial year ended 31st March 2018. However, they may voluntarily file Form 11.
Who should file LLP Form 11?
Every LLP existing or incorporated on or before 30th September 2017 shall have to file Form 11 before 30th May 2018.
What are the LLP Form 11 Fees?
Filing Fees for Form 11 depend on upon the Capital Contribution structure of the LLP. Get in touch with us to calculate your correct fees.
Can Form 11 of LLP be revised once it has been filed?
No. There is no such option to revise Form 11 once filed. Hence, utmost care must be taken while filing Form 11.
What shall be the Penalty for non-filing of Annual Return or LLP Form 11?
If LLP fails to file form 11 within the prescribed time; then the Designated Partners shall be liable to punishment by fine which shall be at least Rs. 25,000 but which may extent to Rs. 5,00,000. Delayed filing will also lead to severe additional fees.
Are there any other compliances to be done for LLP?
Every LLP is required to prepare and close its accounts until the 31st March every year. From 8 is to be filed by at least two Designated Partners with the Registrar within 30 days after completion of six months of Financial Year. Accordingly, 30th October is the last date for filing annual accounts every year. Know more here.
File the LLP Form 11 today! (if not done already) to avoid facing consequences of heavy penalties.
At Ebizfiling.com, services for annual filing start at INR 2499/- only. All government fees are included in it. Get in touch now!