Need urgent help related to llp
This query is : Resolved
17 December 2016
Dear friend,
I have started an LLP with 3 partners and 100000 amount.
After trying for 12 months, we decided to close it and while striking off process, my CA realised that they have forgotten to fill Form 8 and Form 11. Now he is asking us for penalty which is huge. Is there any work around to save ourselves from that penalty?
Why should we suffer due to our CA's mistake? We have followed all the processes suggested by CA and we also paid their fees as per scheduled. Now, any further delay is increasing the penalty and ca is asking us to pay.
Can you give some advice to deal with situation? Any help would be appreciated.
Thanks,
Smit
I have started an LLP with 3 partners and 100000 amount.
After trying for 12 months, we decided to close it and while striking off process, my CA realised that they have forgotten to fill Form 8 and Form 11. Now he is asking us for penalty which is huge. Is there any work around to save ourselves from that penalty?
Why should we suffer due to our CA's mistake? We have followed all the processes suggested by CA and we also paid their fees as per scheduled. Now, any further delay is increasing the penalty and ca is asking us to pay.
Can you give some advice to deal with situation? Any help would be appreciated.
Thanks,
Smit
19 December 2016
To comply with due process of law is imminent and without knowing complete facts of your case, it would not be fair to comment. However, it is advisable to consult another Chartered Accountant or Legal advisor for second opinion before taking a decision at the earliest.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation Error – Mandatory Fields
- GST ITC as per notification 12/2023- central tax
- GSTR9 Annual Return
- Form 144 TDS Return Validation error
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Applicability of tax on invoice
- Rent agreement of House of deceased person
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
