Hi All,
I have a query with filing of Form no 11 for an LLP.
This is the second year I am filing Forn no 11 and the following two questions confuse me.
Obligation of Contribution of partner -
Actual contribution Recieved from partner -
The LLP is a two partner concern and the Capital is 50000. The Partners each deposited 25000 is the first year. During the second year the partners have not contributed any capital to the LLP
Does the Question "Actual contribution recieved from the Partner" refer to the second year or the first year??
Are partners obligated to contribute every year?
Experts, Please can you guide me on this front.
Many thanks in advance,
Joel