Taxability of llp

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2018 LLP registered under LLP Act, 2008 and certificate of incorporation received from Ministry of Corporate Affairs. Whether the companies act, 2013 provisions are applicable?

Whether LLP is needs to file AOC-4 or MGT-7.

please convey taxability of LLP.

CA Ankit R Momaya

CA Ankit R Momaya (Expert)
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18 November 2018 Provisions of Companies Act, 2013 are not applicable to LLP's. LLP Act, 2018 is applicable to LLP's.

AOC-4 and MGT-7 need not be filed by LLP's. Instead, Form -8 - Statement of Account and Insolvency and Form -11 Annual Return needs to be filed with RoC.

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2018 SIR TQ

but at the time of filing of income tax is there any need to file separate forms like 29b etc..,?

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CA Ankit R Momaya

CA Ankit R Momaya (Expert)
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19 November 2018 Form 29B is applicable only for Companies