A company deducts tax under some sections, deposits it and files quarterly returns timely.
What if the company is in such circumstances that it was not required to deduct and deposit tax for a whole quarter?? Will it be required to file Quarterly Return for that quarter as "NIL" return?? Or it is not liable to file the return??
21 April 2011
NIL TDS return need not be filed. The only exception is Form 24Q for fourth quarter. Even if it is NIL but you have deposited 24Q for any of last three quarters then you have to file 24Q for last quarter to give salary details of employees from whom TDS were deducted in earlier quarters.
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