LLP Annual Filing and Partner Contribution


Ena Shahi   12 May 2018

Ena Shahi

 1 points

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My CS must have been a fresher. She put two partners contribution as 50k (25k each), only 10k was actual cash deposit investment, rest 40k is a grant. She said during incorporation that this is fine and better option and I was very naive to this. She said she'll handle during annual filing and now she's not responding after I conveyed her about filing. I really feel like reporting her but not sure if that happens anywhere.

Now, I have no other transaction except 10k cash deposit, 40k grand and 649 bank's annual maintenance charges.

How can I go about it? Form 8 has been submitted with 25k each contribution shown.

Form 11 and ITR is pending. What to do? I am not even liable to pay tax for 40k but due to her stupidity I might've to pay if that can be shown as complete contribution somehow, I can't show that we're in loss due to some scheme and incubation terms.

Please guide.




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