Penalties - Annual Filings by LLP

RD (Querist) 10 September 2015 This query is : Resolved
Dear All , kindly opine on the following :
1. I had formed an LLP in 2012 , and I had only one business transaction since the inception.
2. I have missed my Annual Filings and now I want to dissolve the LLP.
3. I understand that before that I will be required to comply with the Annual Filings, which is attracting exorbitant penalties , Rs . 100 on daily basis .
4. I want to know whether there is any provision or procedure for waiver of these penalties ,
especially as there has been almost no
business . Kindly let me know the steps to get
absolved from penalties .

Thanking in Advance. . . .

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T. Kalaiselvan, Advocate Online

(Expert) 19 September 2015
Your auditor will be having many solutions to your problem, you may consult him/her or consult a local consultant on this issue.

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Penalties - Annual Filings by LLP

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