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<h1>LLPs must file annual returns within 60 days post-financial year or face daily penalties under amended 2021 rules.</h1> Every limited liability partnership (LLP) is required to file an annual return with the Registrar within sixty days of the end of its financial year, following the prescribed form, manner, and fee. If an LLP fails to meet this deadline, it and its designated partners face a penalty of one hundred rupees per day of delay, with a maximum penalty of one lakh rupees for the LLP and fifty thousand rupees for the designated partners. This provision was amended in 2021, reducing the previous fines significantly.