Form 11 LLP is a form used to file annual returns of the LLP. This form must be filed with the Ministry of Corporate Affairs before the due date. It is important for every LLP to file their annual return to maintain its operations. Form 11 can be filled online using the MCA portal with ROC. In this article, we will look at what documents are required to file form 11 and how it can be filed online along with fee structure and penalties.
Form 11 llp is an annual return that must be filed with the Ministry of Affairs by all the Limited Liability Partnership. This form must be filed every year irrespective of turnover of the llp. Every LLP must fill this form either if they carry out any operation or not during the financial year. The information must be accurate as there is no chance for resubmission of Annual Return form.
The Annual Return shall be accompanied by a certificate from a chartered accountant or company secretary that he has verified the particulars found in order as per Rule 25 of LLP Rules, 2009.
In order to file form 11 LLP, there are certain documents or information required. These documents or information are essential for filing of form 11 LLP and they must be accurate. These documents or information are as follow:
The fee for filing form-11 of llp depends on the contribution partners have made during the incorporation. Following is the table with detail fee structure:
Contribution Amount (INR) | Normal Fee (INR) |
---|---|
Up to 1,00,000 | Rs. 50/- |
More than 1,00,000 up to 5,00,000 | Rs. 100/- |
More than 5,00,000 up to 10,00,000 | Rs. 150/- |
More than 10,00,000 up to 25,00,000 | Rs. 200/- |
More than 25,00,000 up to 1,00,00,000 | Rs. 400/- |
More than 1,00,00,000 | Rs. 600/- |
For filing Annual Return or form-11 llp due date is 30th May for every year. There is a certain late filing fee for form-11 llp. The penalty depends on the capital contribution and the period of delay. The detail penalty structure is given below:
Period of Delay | Small LLPs | Other LLPs |
---|---|---|
Up to 15 days | 1x fee | 1x fee |
15 to 30 days | 2x fee | 4x fee |
30 to 60 days | 4x fee | 8x fee |
60 to 90 days | 6x fee | 12x fee |
90 to 180 days | 10x fee | 20x fee |
180 to 360 days | 15x fee | 30x fee |
Beyond 360 days | 15x fee + Rs.10/day | 30x fee + Rs.20/day |
Bizfoc provides easy annual return filing or filing of form 11 of LLP. We assist you in gathering the complete documents and the required information. As a busy professional, your time is valuable, allowing us to handle your paperwork and you can focus on your LLP growth & success. Our services are cost-effective without compromising quality. Consult with Bizfoc now to file your form-11.
Form-11 LLP or annual return is a crucial compliance that should be completed by every llp before 30th May of every year. It should be completed irrespective of the turnover or capital contribution of the LLP. It doesn’t depend on the size of the LLP, either small or large, every LLP needs to file the Form 11 in order to file annual returns. The fees for filing LLP form 11 depends on the capital contribution but may get double or four times of the normal fees depending on the delay in filing the form. So it would be advised to file the form11 llp before the due date of the LLP.
Yes, Annual Return is mandatory in India under the LLP Act, 2008 and it must be filled with LLP form 11 each year.
An LLP should pay a 30% fixed rate tax on its total income.
The due date for filing form 11 is 30th May of every year.
Form 11 aims to simplify the process of filing annual returns by LLP to Registrar of companies (ROC).