TaxTMI 
TaxTMI 
TaxTMI 
Does an LLP registered on 16/03/2016 need to file statement of accounts in form 08 for the FY ended 31/03/2016? There are materially no transactions for the said period.
Filing Form LLP 08
satbir singhwahi
LLPs Must File Form 08 and Form 11 Regardless of Transactions; Income Tax Return Also Mandatory An LLP registered on 16/03/2016 must file Form 08 for the financial year ending 31/03/2016, even if there are no transactions. Filing both Form 08 and Form 11 is mandatory, regardless of business activity or profit. Additionally, an income tax return is required even if the LLP has not conducted any business. The return must be filed within 30 days from the end of six months following the financial year. The responses in the forum agree on these requirements. (AI Summary)