The following returns are to be filed by LLP annually with the ROC -:
There are mainly 3 compliances which are mandatory for every LLP to comply for any financial year -:
Audit under LLP Act: Only those LLP whose annual turnover exceeds Rs. 40 lakhs or whose contribution exceeds Rs. 25 lakhs are required to get their accounts audited.
If the filing is not done within stipulated time, there is a penalty of Rs. 100 per day till it complies. You cannot even close or wind up your LLP without filing Annual Accounts. Also, your LLP turns into unlimited statutory liability until you file all due returns.