STRIKING OFF LLP though sale of fixed asset
This query is : Resolved
05 June 2026
We want to strike off LLP. We have only one transaction that is sale of motor car and book loss in P & L in FY 25-26. In this scenario, shall we apply for Strike off in June 26 or we have to wait 1 year as there is rule for strike off after 1 year of ceased business.? Also Note that business activity is closed from last 3 years. No creditors and debtors are outstanding. we have applied for bank closer.
05 June 2026
Since your LLP has been inactive for three years, you have satisfied the "one year of ceased business" requirement to apply for strike-off, as stated in image_a544e7.jpg. The recent sale of a motor car is considered a part of your winding-down process and does not conflict with your eligibility. You should ensure all mandatory annual filings are completed and your bank account is officially closed before submitting Form 24 to the Registrar.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- TDS ON CASH WITHDRAWALS...
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
