Our Recommendations :-
Follow CA Final FB Page

LLP Annual Return filing

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 R. KANDASUBRAMANIAN asked about 2 years ago

Dear Sir while filing form 11 of LLP a. total obligation of Contribution of all partners of LLP as per Deed, partners are liable to contribute total Rs 1,00,000/- this is fixed Contribution shall we enter Rs 1,00,000/- b. Besides, partners are having current accounts -credit balances -it is out of their profit share & remuneration whether this amount also to be entered c. What is mean by total contribution received by all the partners of LLP Kindly clarify sir r. kandasubramanian

    0       0 Answer Now Comment Report
2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 HIMANSHU answered about 2 years ago

The amount to be shown in Form 11 is total obligation of contribution of all partners should be the fixed capital contribution as per deed which in your case is Rs 1 Lac. The current capital contribution is not to be included in the capital contribution but to be shown under Current liabilities / Current Assets as the case may be. This is the practical approach followed for filing of Form No 11. However some may follow of entering the total amount (fixed+current) in the capital column in the form since same is also done while preparing the balance sheet where Fixed and current capital is shown under Capital.

    0       0 Comment Report
R. KANDASUBRAMANIAN commented about 1 year ago

THANKS for your reply to us Sir

Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Open uri20170510 32134 ivjxpn?1494421728 Shreedhar Sutar answered about 2 years ago

Hi R. Kandasubramanian, The amount to be shown in Form 11 is total obligation of contribution of all partners should be the fixed capital contribution as per deed which in your case is Rs 1 Lac. The current capital contribution is not to be included in the capital contribution but to be shown under Current liabilities / Current Assets as the case may be. This is the practical approach followed for filing of Form No 11. However some may follow of entering the total amount (fixed+current) in the capital column in the form since same is also done while preparing the balance sheet where Fixed and current capital is shown under Capital.

    0       0 Comment Report
R. KANDASUBRAMANIAN commented about 1 year ago

Dear sir well and an excellent reply with details for practical approch. very helpful this time for filing Form 11 for LLP r. kandasubramanian

Shreedhar Sutar commented about 1 year ago

Thanks Sir, Do you have any job openings in your office I am in need of job. In case you require my CV I'll email you if you provide me your Email Id. You'll get to know my qualification as well as my job experience.

R. KANDASUBRAMANIAN commented about 1 year ago

thanks sir pl send your CV - kanda1958@gmail.com r.kandasubramanian

Shreedhar Sutar commented about 1 year ago

Dear Sir, I have sent you my CV.

Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.