TaxTMI 
TaxTMI 
Why LLPs Can’t Skip Annual Return Filing – Even with No Business?
X X X X Extracts X X X X
X X X X Extracts X X X X
....hy LLPs Can’t Skip Annual Return Filing – Even with No Business?<br>By: - Ishita Ramani<br>Corporate Laws / IBC / SEBI<br>Dated:- 19-4-2025<br>Many LLPs (Limited Liability Partnerships) expect that if they haven't done any commercial business in one year, they don't need to file their annual returns. But that is a common myth, and can cause heavy consequences. This article will help you to kn....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ow why LLPs can't skip annual return filing even without carrying out any business activity. What is LLP Annual Return Filing? LLP Annual Return Filing is a mandatory requirement every year wherein each LLP have to document: * Form 11 (Annual Return) - By May 30th * Form 8(Statement of Accounts & Solvency)- By 30th October Even if your LLP hasn't earned income or started operations,....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... both forms still need to be submitted. Why is filing mandatory even without a business? * Legal Requirement The LLP Act, 2008 mandates annual filing, irrespective of sales or activity. * Avoid Penalties Non-filing attracts Rs.100 in step with day per form. * Maintains Active Status Filing ensures your LLP remains lively and avoids being marked "defunct." * Helps in Future O....
X X X X Extracts X X X X
X X X X Extracts X X X X
....perations Up-to-date compliance makes it less complicated to raise funds or convert your LLP later. Benefits of Timely Filing * Peace of mind from avoiding criminal problems * Keeps records easy for audits or destiny enterprise desires * Builds a truthful compliance portfolio Conclusion Even if there's no business activity, LLP annual return filing must be done by firms to avoid pen....
X X X X Extracts X X X X
X X X X Extracts X X X X
....alties and stay compliant. Timely filing keeps your LLP active, safe, and ready for future opportunities.<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....