My LLP was set up in October 2013, but I haven’t done any business with it since then. I haven’t filed annual returns. What penalties might I face? Is there any way to avoid them?

Under the LLP Act 2008, failing to file annual returns for an LLP can attract penalties of up to INR 100 per day for each day of default. You may be able to apply for condonation of the delay with sufficient justification, but the LLP will remain inactive until the returns are filed.