What does LLP Form 11 report?
LLP Form 11 is the annual return of a limited liability partnership. It is filed within 60 days of the close of the financial year, which for a year ended 31 March is 30 May. It reports the LLP, its partners, and its contribution. It is not the statement of account and solvency. That statement, including the statement of assets and liabilities, is Form 8, and Form 8 is due by 30 October.
No. Form 11 is the annual return. The statement of assets and liabilities sits inside Form 8, the statement of account and solvency.
What does the annual return contain?
Section 35 requires an annual return in the prescribed form. Form 11 identifies the LLP and its registered office, states the principal business activities, lists the partners and designated partners, and states the contribution. It also records penalties and compounding during the year. It is signed with the digital signatures of the designated partners who sign the return.
A change of partners during the year is reported in that return, but the change itself is not left until May. Notice of appointment, cessation, or a change in a partner’s name or address is Form 4, within 30 days of the change. The yearly list of filings is on the LLP annual page.
Who certifies Form 11?
Where the turnover of the LLP during the financial year is up to ₹5 crore, or its contribution is up to ₹50 lakh, the return is accompanied by a certificate from a designated partner, other than the signatory, that the return contains true and correct information. In any other case the return is certified by a company secretary in practice, who verifies the particulars from the books and records. The other case is the one in which turnover is above ₹5 crore and contribution is above ₹50 lakh.
How is Form 11 different from Form 8?
Form 8 is the statement of account and solvency under section 34. It contains the statement of assets and liabilities and the statement of income and expenditure, and a declaration on solvency. It is filed by 30 October. An LLP that must be audited attaches the auditor’s report to Form 8. The audit line is turnover above ₹40 lakh or contribution above ₹25 lakh. Books are still required below that line. How Form 8 differs from a company’s balance sheet is on the LLP accounts page.
The income-tax return is a third filing. An LLP files ITR-5. That return is not Form 11 and it is not Form 8. The filing of Form 11 carries the government fee, and a delay draws an additional fee. The Act also imposes a penalty on the LLP and its designated partners. This page does not quote that amount.
Frequently asked questions
Four questions cover the balance sheet, the due date, the certificate, and a change of partners.
Does Form 11 include the balance sheet?
No. Form 11 is the annual return. The statement of assets and liabilities sits inside Form 8, the statement of account and solvency.
Is the due date 30 October?
No. Form 11 is due within 60 days of the year end, which is 30 May. Form 8 is the filing due by 30 October.
Can the signatory certify the return?
No. Where a designated partner’s certificate is enough, it is given by a designated partner other than the signatory of the return.
Does a partner change wait for Form 11?
No. Appointment or cessation of a partner is filed in Form 4 within 30 days. Form 11 later reports the partners of the year. It does not replace Form 4.
Sources
Form 11 is the annual return under section 35 of the Limited Liability Partnership Act, 2008. The statement of account and solvency is section 34, filed in Form 8.