Filing Form LLP 08

[satbir singhwahi]

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.

[Mahir S]

Yes, you need to file both the returns namely Form 08 and Form 11 respectively. Both the returns need to be filed mandatorily, irrespective of whether the LLP has done business or not or whether it has made profits or not.

Further , an Income Tax return would also be required to be filed, should the LLP be doing NO business too.

[Ganeshan Kalyani]

The return is required to be filed within 30 days from the end of 6 months from the end of the financial year.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri S. Mahir.

AI Summary

LLP filing obligations require submission of statutory annual statements and annual return even where the LLP is dormant. An LLP incorporated during the year must mandatorily file the statement of account and solvency in Form 08 and the annual return in Form 11 even if it has no business or profits; an income tax return may also be required; the statutory return deadline is within 30 days from the end of six months from the end of the financial year.